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International Business Times
International Business Times
World
Beiyi SEOW

Budget, Debt: Trump's Treasury Chief Faces Urgent Challenges

Donald Trump has vowed across-the-board tariffs of at least 10 percent on all imports and steeper levies on China (Credit: AFP)

President-elect Donald Trump's new Treasury chief needs to hit the ground running once he takes office, tasked with rolling out his boss's economic vision and grappling with the country's debt limit.

If confirmed, hedge fund manager Scott Bessent, who was named by Trump on Friday, will have to usher through promised tax cuts, advise on an agenda promising sweeping tariffs, and confront the world's biggest economy's ballooning debt.

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