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The Latest Breaking News from Scott Bessent

Wall Street hits record high after Scott Bessent nominated as US Treasury secretary – as it happened

Bonds rally and dollar dips as investors welcome choice of billionaire hedge fund manager Bessent as next Treasury secretary

The Guardian - UK

Possible Europe-US trade war could push euro into parity with the dollar

If Donald Trump imposes tariffs on EU imports the eurozone is likely to take a hit, causing euro to slide further

The Guardian - UK

Stock market today: Asian shares mostly gain after Trump picks billionaire for Treasury post

Shares are mostly higher in Asia, tracking last week's gains on Wall Street

The Independent UK

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Sen. Rand Paul Opposes Military Use For Immigration Enforcement

Sen. Rand Paul opposes military involvement in immigration enforcement and evaluates Treasury nominee over tariff concerns.

Top News

Treasury pick Scott Bessent scored billion-dollar wins with these bets on Wall Street

While little has been reported about his wealth, a look at Bessent's winning bets while working in finance offer some insight into how me made his fortune.

Fortune

Scott Bessent A Credible, Safe Pick For Treasury: Experts

Hedge fund manager Scott Bessent is a credible, safe choice for US Treasury secretary -- and one that is likely positive for markets -- observers said Saturday following President-elect Donald Trump's highly anticipated nomination.

International Business Times

Trump Unveils Series of New Appointments: Scott Bessent as Treasury Secretary, Russ Vought For Budget Office

He unveiled new nominees for key positions, including secretaries for HUD, Treasury, and Labor, along with the CDC director and Surgeon General.

International Business Times

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Trump picks billionaire investor Scott Bessent as Treasury secretary

Hedge fund manager will be responsible for implementing president-elect’s pledges to cut taxes and raise tariffs.

Al Jazeera

Scott Bessent: Trump's Treasury Pick With Diverse Background

Scott Bessent, Trump's treasury secretary pick, advocates for deficit reduction, tax cuts, and tariffs as sanctions.

Top News

Trump picks Scott Bessent for treasury as he announces flurry of cabinet picks

President-elect announced nominations to lead several departments and agencies as he continues to staff his next administration

The Independent UK

Trump makes flurry of choices including labor secretary and CDC chief

President-elect picks Fox News personalities and key loyalists as he looks to fill crucial agency and advisory roles

The Guardian - US

Scott Bessent: billionaire hedge-fund manager who is ‘all in’ for Trump

The 62-year-old treasury nominee has spent his career in finance, and made a big bet on Trump winning the election

The Guardian - US

Trump taps hedge fund boss for Treasury

The hedge fund manager-turned-loyal MAGA fundraiser was given a nom for the powerful Cabinet position

Salon

Budget, Debt: Trump's Treasury Chief Faces Urgent Challenges

President-elect Donald Trump's new Treasury chief needs to hit the ground running once he takes office, tasked with rolling out his boss's economic vision and grappling with the country's debt limit.

International Business Times

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The Guardian - US

Trump’s picks of loyalists for financial posts ensures his economic agenda is unimpeded

Howard Lutnick and Scott Bessent, commerce and treasury nominees respectively, are sure to ignore economist’s warnings and follow Trump’s lead

International Business Times

Trump Names Hedge Fund Manager Scott Bessent As Treasury Chief

US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs.

The Guardian - US

Trump picks hedge-fund investor Scott Bessent for treasury secretary

Job is one of most powerful in Washington with huge influence over US economy and financial markets

Top News

Donald Trump Offers Treasury Secretary Role To Scott Bessent

President-elect Trump offers hedge fund manager Scott Bessent treasury secretary position, highlighting his financial expertise.

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Roll Call

Hedge funder Bessent gets Trump blessing for Treasury - Roll Call

President-elect Donald Trump said Friday he would nominate hedge fund manager Scott Bessent to be Treasury secretary in his second term.

Fortune

Trump is thinking about former Fed governor Kevin Warsh to be his Treasury secretary—and to replace Jerome Powell

The two discussed the matter this week at Mar-a-Lago, according to the Wall Street Journal.

International Business Times

Trump Eyes Kevin Warsh For Next Treasury Secretary, Potential Fed Chair Role: Report

Donald Trump is considering Kevin Warsh to become the next Treasury Secretary under his term.

Al Jazeera

Trump taps billionaire CEO Lutnick, wrestling mogul McMahon and TV’s Dr Oz

US president-elect names picks for commerce secretary, education secretary, and Medicare and Medicaid administrator.

The Independent UK

What to know about Howard Lutnick, Trump's pick for commerce secretary

President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary

The Guardian - US

Trump picks Howard Lutnick as commerce secretary

Billionaire founder of financial firm Cantor Fitzgerald was one of president-elect’s biggest fundraisers

Top News

Trump's Treasury Secretary Choice Signals Tariff Strategy

Trump's treasury secretary pick will influence tariff policies, affecting economy and businesses.

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