Home Business Trump’s pick for Treasury Secretary is Scott Bessent. Here’s what to know

Trump’s pick for Treasury Secretary is Scott Bessent. Here’s what to know

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US investor and hedge fund manager Scott Bessent testifies before a Senate Finance Committee hearing on his nomination to be Secretary of the Treasury on January 16, 2025.

Trump's promised tax cuts, and their potential consequences for the U.S. economy, took center stage at Bessent's confirmation hearing.

(Image credit: ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)

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