Trump Chooses Scott Bessent as Treasury Secretary, Rejecting Musk Pick: Donald Trump has nominated Scott Bessent as Treasury Secretary. The hedge fund veteran has beaten Elon Musk’s suggestion of Howard Lutnick for the position. Bessent is the founder of Key Square Group, a former senior partner and managing director for Soros Fund Management, and a true believer in Trumpism’s nationalist economic agenda.
Naturally, Bessent shares Trump’s views on tariffs, and the appointed officer is famous for his successful speculation on foreign exchanges. Musk had defended Lutnick publicly, urging the public to acknowledge his capability to bring about the economic revolution.
Donald Trump Chooses Scott Bessent as Treasury Secretary, Rejecting Musk Pick: Labeled as the ‘business-as-usual candidate,’ Bessent, Musk took a swipe at the current state of the USA fiscal course. Ignoring Musk’s disapproval, Trump appreciated Bessents’ intention to increase US dominance and inventiveness and retain the dollar as the world’s currency backbone.
Bessent ended up on the list after a personal meeting with Trump at a mate’s residence in Mar-a-Lago, where the president-elect insisted on Bessent’s responsibilities of making America experience a Golden Age in the economy.
A staunch supporter of Trump’s campaign and an active financial strategist, Skewers had every chance to get the position. Other cabinet selections include Lori Chavez-DeRemer, an Oregon Rep to be the Secretary of Labor, Russell Vought as the director of OMB, and Dr. Dave Weldon for CDC director. Here, Trump continues his tradition of staffing his team to support his MAGA agenda in the White House.
As much as Bessent’s inclusion has caused many reactions, Trump was confident that he could lead the US economy to growth and make it more resilient. Lack of pay for performance and innovation vs. traditional strategies under Trump’s administration; Musk’s endorsement of Lutnick.
