Scott Bessent

2024 - 11 - 22

Scott Bessent: The Wall Street Wizard Taking Charge of the U.S. Treasury!

financial policy - George Soros - hedge funds - LGBT representation in politics - Scott Bessent - tax cuts - Trump administration - U.S. Treasury Department

Trump just nominated Wall Street's own Scott Bessent to lead the Treasury – what does this mean for the economy?

In a surprising move sure to rattle some feathers, President-elect Donald Trump has nominated Scott Bessent, a prominent hedge fund manager and former protégé of George Soros, to serve as his next Treasury Secretary. This nomination is significant not only because of Bessent's impressive financial credentials but also due to his status as the first openly gay member of Trump's cabinet. As Treasury Secretary, he will helm a vital position, influencing the U.S. economy and financial markets in ways that could echo for years to come.

Bessent, recognized for his strategic financial insights, previously headed Soros Fund Management before launching his own firm. Trump’s choice reflects a belief in hefting financial heavyweights into key positions to navigate a complicated economic landscape. Bessent is a staunch advocate for deficit reduction and aims to slash regulations that he believes stifle economic growth. With plans to also push for increased energy production in the U.S., his appointment promises a blend of bold decision-making and financial acumen.

His nomination has spurred much speculation about the direction in which the Treasury Department will head under his leadership. As he embarks on this vital journey, many are eager to see whether he can implement his vision of fiscal responsibility while balancing the interests of both Wall Street and Main Street. Only time will tell if his strategies will lead the nation towards a brighter, more prosperous financial future or if they will plunge into economic chaos, leaving us all to wonder if Bessent is indeed waving a magic wand or just playing with fire.

In concluding the speculation about Bessent's potential impact, it's pertinent to recognize that his past connections with high-profile financial figures such as George Soros bring both scrutiny and credibility to his nomination. Moreover, the role of Treasury Secretary is historically pivotal; their influence shapes policies that can alter the economic landscape dramatically. So, as we all await the unveiling of Scott Bessent's grand economic plan, one must ask: Will he be the financial maestro the Trump administration needs or simply another conductor in a chaotic symphony?

Post cover
Image courtesy of "NPR"

Trump nominates Wall Street investor Scott Bessent as treasury ... (NPR)

President-elect Trump nominated Bessent, a former protégé of George Soros to be his next treasury secretary.

Post cover
Image courtesy of "BBC News"

Trump expected to nominate Scott Bessent to lead US Treasury (BBC News)

A source familiar with the decision told the BBC's US partner CBS that Trump is poised to pick the hedge fund manager.

Post cover
Image courtesy of "NBC News"

Trump picks Scott Bessent to serve as treasury secretary (NBC News)

President-elect Donald Trump on Friday announced he had asked Scott Bessent, a hedge fund executive and top fundraiser to his campaign, to serve as ...

Post cover
Image courtesy of "The 19th News"

Scott Bessent, Trump's pick for Treasury secretary, will be in charge ... (The 19th News)

Bessent will lead President-elect Donald Trump's Treasury Department. Bessent is the first out gay member of Trump's Cabinet.

Post cover
Image courtesy of "PBS NewsHour"

Trump names hedge fund founder Scott Bessent as pick for treasury ... (PBS NewsHour)

President-elect Donald Trump announced Friday that he'll nominate former George Soros money manager Scott Bessent, an advocate for deficit reduction, ...

Post cover
Image courtesy of "The Guardian"

Trump picks hedge-fund investor Scott Bessent for treasury secretary (The Guardian)

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

Post cover
Image courtesy of "Politico"

Trump taps hedge fund manager Scott Bessent to lead Treasury ... (Politico)

Bessent has called for slashing regulation, reducing the deficit and increasing U.S. energy production. Former President Donald Trump listens as investor Scott ...

Post cover
Image courtesy of "Reuters"

Trump says he picks Bessent to be US treasury secretary (Reuters)

President-elect Donald Trump on Friday said he had chosen prominent investor Scott Bessent as U.S. Treasury secretary, a key cabinet position with vast ...

Post cover
Image courtesy of "CNN"

Trump anuncia al millonario Scott Bessent como su elección para ... (CNN)

El presidente electo de Estados Unidos, Donald Trump, anunció oficialmente a Scott Bessent como su elección para liderar el Departamento del Tesoro.

Post cover
Image courtesy of "Voz de América"

Trump elige como secretario del Tesoro a Scott Bessent, exgestor ... (Voz de América)

En otro paso hacia la conformación final de su gabinete, el presidente electo de EEUU, Donald Trump, elige a Scott Bessent, quien fuera gestor de fondos de ...

Trump Eligirá Al Gestor De Fondos Scott Bessent Como Secretario ... (Barron's)

El presidente electo de Estados Unidos, Donald Trump, elegirá al gestor de fondos de inversión Scott Bessent como secretario del Tesoro, un cargo clave para ...

Post cover
Image courtesy of "The New York Times"

Trump Taps Investor Scott Bessent as Treasury Secretary (The New York Times)

The hedge fund manager will be responsible for steering President-elect Donald J. Trump's unconventional economic agenda.

Post cover
Image courtesy of "El Nuevo Herald"

Trump confirma que el inversor Scott Bessent es su elección para ... (El Nuevo Herald)

El presidente electo estadounidense, Donald Trump, confirmó este viernes que el multimillonario Scott Bessent, inversor y administrador de fondos, es su ...

Post cover
Image courtesy of "Santa Maria Times"

Trump elige a Scott Bessent para secretario del Tesoro y a Russel ... (Santa Maria Times)

WASHINGTON (AP) — El presidente electo estadounidense Donald Trump anunció el viernes que nominará a Scott Bessent, gestor de fondos de cobertura y defensor ...

Trump anuncia oficialmente al millonario Scott Bessent como su ... (KESQ)

(CNN) — El presidente electo de Estados Unidos, Donald Trump, anunció oficialmente a Scott Bessent como su elección para liderar el Departamento del Tesoro. CNN ...

Post cover
Image courtesy of "Infobae.com"

Donald Trump nominó al inversor Scott Bessent como secretario del ... (Infobae.com)

El presidente electo de Estados Unidos eligió al administrador de fondos que fue gestor de la fortuna de George Soros, a quien ha descrito en el pasado como ...

Post cover
Image courtesy of "Nebraska Examiner"

Hedge fund chief and tariff fan Scott Bessent to lead Treasury under ... (Nebraska Examiner)

President-elect Donald Trump will nominate Wall Street veteran Scott Bessent as secretary of the U.S. Department of the Treasury, Trump announced Friday.

Post cover
Image courtesy of "Aljazeera.com"

Trump picks billionaire investor Scott Bessent as Treasury secretary (Aljazeera.com)

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

Post cover
Image courtesy of "Fox Business"

Trump nominates Scott Bessent as treasury secretary; picks Russ ... (Fox Business)

President-elect Trump nominated Scott Bessent, the founder and CEO of global macro investment firm Key Square Group, for treasury secretary.

Post cover
Image courtesy of "ABC News"

Who is Trump's treasury secretary pick, Scott Bessent? (ABC News)

Scott Bessent, a billionaire hedge fund manager who has helped fundraise for Donald Trump, is the president-elect's choice to lead the Treasury Department.

Post cover
Image courtesy of "CBS News"

Who is Scott Bessent? What you need to know about Trump's ... (CBS News)

President-elect Donald Trump on Friday announced hedge fund billionaire Scott Bessent as his pick for U.S. Treasury secretary, choosing a former executive ...

Post cover
Image courtesy of "FRANCE 24"

Trump elige a Scott Bessent para el Tesoro y a Russel Vought para ... (FRANCE 24)

El presidente electo de EE.UU., Donald Trump, nombró el viernes al multimillonario gestor de fondos de cobertura Scott Bessent como nuevo secretario del ...

Post cover
Image courtesy of "The Hill"

Trump taps Scott Bessent for high-stakes Treasury chief: What to know (The Hill)

President-elect Trump selected billionaire investor Scott Bessent to lead the Treasury Department on Friday as the former president continues to call for an ...

Post cover
Image courtesy of "The New York Times"

How Scott Bessent Went From Democratic Donor to Trump Treasury ... (The New York Times)

The hedge fund investor predicted last year that President-elect Donald J. Trump's political fortunes were on the rise.

Trump to nominate hedge fund manager Scott Bessent as Treasury ... (WUNC)

President-elect Trump plans to nominate hedge fund manager Scott Bessent to be Treasury Secretary. He's been on of Trump's biggest cheerleaders in the ...

Post cover
Image courtesy of "Fortune"

Treasury pick Scott Bessent scored billion-dollar wins with these ... (Fortune)

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

Explore the last week