Bessent used a question about Social Security as an opportunity to say that there are no plans to lower the payouts from the program under the Trump administration. "I want to emphasize that President Trump has said Social Security and Medicare will not be touched," Bessent said....
"I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States," Trump said on Truth Social, his own social media platform. He described the founder and CEO of Key...
Scott Bessent, President-elect Donald Trump's nominee to be Treasury secretary, testifies during his Senate Finance Committee confirmation hearing in Dirksen building on Jan. 16, 2025.Tom Williams/CQ-Roll Call, Inc via Getty Images President-elect Donald Trump's pick to be treasury secretary, Sco...
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Bessent would be the key leader of the president-elect’s economic team, which will be tasked with imposing an aggressive tariff regime meant to shake up global trade while keeping financial markets calm amid the disruption. Notably, Trump’s official announcement of Bessent as his pick did not...
Scott Bessent, the founder of the Connecticut-based hedge fund Key Square Group, had been making a full-court press for the post.
Tariff rates will soon return the a “April 2 level” if countries don’s reach trade agreements during the aforementioned pause, Bessent told CNN. “President Trump has put them on notice that if you do not negotiate in good faith, you will ratchet back up to your April 2 level,” said...
Trump said that Bessent will assist in achieving the "Golden Age for the United States," saying that he will focus on improving the economy and preserving the dollar. "Scott has long been a strong advocate of the America First Agenda. On the eve of our Great Country’...
Scott Bessent Talks Inflation, Deregulation, and America's Future | Sunday Extra (十二月 1, 2024) Self - Guest Trump's Economic Architect on Inflation, Deregulation, and America's Future | 11.9.24 (十一月 9, 2024) Self - Guest Maria Bartiromo's Wall Street (2024) (TV Series) - ...
President-elect Donald Trump named billionaire Scott Bessent as his pick to serve as the next secretary of the Department of the Treasury.