The new Treasury Secretary is Scott Bessent. Trump's economic views are supported by Bessent, but Musk preferred Howard Lutnick's revolutionary strategy.
Accor Scott Bessent is appointed Treasury Secretary by Trump.ding to sources, Donald Trump has selected Scott Bessent, a seasoned hedge fund manager, to be his Treasury Secretary. The choice put an end to a fiercely competitive hiring process that included many well-known candidates. Elon Musk, the CEO of Tesla, had already addressed the issue and shared his opinions. In contrast to Bessent's more conventional approach, Musk openly supported Howard Lutnick as a candidate who could implement the required shift.
Scott Bessent is appointed Treasury Secretary by Trump.
Bessent, the creator of Key Square Group, has continued to be an outspoken supporter of Trump's economic policies, particularly his support for tariffs. CNN reported that during a meeting with Trump at Mar-a-Lago, the 62-year-old's appointment was confirmed. "To make America great again for EVERY American, Scott will work with me." In a statement, the president-elect congratulated Scott, his son Solomon, and his amazing wife Robin.
Regarding the cabinet choice, X owner Musk had previously said on his social media account, "It would be interesting to hear more people weigh in on this for @realDonaldTrump to consider feedback."
For the record, I believe that [Howard Lutnick] will genuinely implement change, while [Scott] Bessent is a business-as-usual pick. America is going bankrupt due to business as usual, so we must reform in some way," he continued.
Trump, however, commended Scott Bessent for his dedication to the "America First" policy and said he was certain that Bessent would help guide the nation into a new economic era and establish the United States as a global economic leader. "He will assist me in ushering in a new Golden Age for the United States, as we strengthen our position as the world's leading economy, center of innovation and entrepreneurship, and destination for capital, while always, and without question, maintaining the U.S. Dollar as the Reserve Currency of the World," the incoming president said in a statement to CNN.
Scott Bessent is who?
Known for his profitable wagers against the Japanese yen and British pound, Bessent created Key Square Capital Management and advised Trump on economic strategy during the campaign. President-elect Trump's first pick for Treasury Secretary was Scott Bessent, who is well-known for his work as a hedge fund executive and as the former chief investment officer of Soros Fund Management.
For the record, I believe that [Howard Lutnick] will genuinely implement change, while [Scott] Bessent is a business-as-usual pick. America is going bankrupt due to business as usual, so we must reform in some way," he continued.
Trump, however, commended Scott Bessent for his dedication to the "America First" policy and said he was certain that Bessent would help guide the nation into a new economic era and establish the United States as a global economic leader. "He will assist me in ushering in a new Golden Age for the United States, as we strengthen our position as the world's leading economy, center of innovation and entrepreneurship, and destination for capital, while always, and without question, maintaining the U.S. Dollar as the Reserve Currency of the World," the incoming president said in a statement to CNN.
Scott Bessent is who?
Known for his profitable wagers against the Japanese yen and British pound, Bessent created Key Square Capital Management and advised Trump on economic strategy during the campaign. President-elect Trump's first pick for Treasury Secretary was Scott Bessent, who is well-known for his work as a hedge fund executive and as the former chief investment officer of Soros Fund Management.
Bessent's success in the finance industry and his endorsement of the MAGA program following his association with George Soros played a role in Trump's nomination. Although Bessent's campaign for the position was more subdued than Howard Lutnick's, he reportedly called Elon Musk personally to rally support right before going to a UFC event with Trump.
Trump's cabinet selections
Rep. Lori Chavez-DeRemer of Oregon was appointed Secretary of Labor by Trump.
To head the Office of Management and Budget, Russell Vought was chosen.
The CDC will be led by former congressman Dr. Dave Weldon.
The Surgeon General was Dr. Janette Nesheiwat.
Trump's choice for Principal Deputy National Security Advisor is Alex Wong.
Trump's cabinet selections
Rep. Lori Chavez-DeRemer of Oregon was appointed Secretary of Labor by Trump.
To head the Office of Management and Budget, Russell Vought was chosen.
The CDC will be led by former congressman Dr. Dave Weldon.
The Surgeon General was Dr. Janette Nesheiwat.
Trump's choice for Principal Deputy National Security Advisor is Alex Wong.
The FDA Commissioner is Dr. Marty Makary.
Scott Turner, a former NFL player, was appointed head of HUD.
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