Trump Names Scott Bessent as Treasury Secretary

The nomination ended days of speculation after several other names emerged as competitors to the reported favorite.
Trump Names Scott Bessent as Treasury Secretary
Key Square Group founder Scott Bessent speaks at a campaign event for Republican presidential nominee and former President Donald Trump in Asheville, N.C., on Aug. 14, 2024. Jonathan Drake/Reuters
Andrew Moran
Nathan Worcester
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President-elect Donald Trump has nominated Scott Bessent to lead the U.S. Department of the Treasury, ending days of speculation after other names emerged as competitors to the reported favorite.

“Scott is widely respected as one of the world’s foremost international investors and geopolitical and economic strategists. Scott’s story is that of the American Dream,” Trump said in a statement on the nomination.

Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."