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Scott Bessent: Trump's Treasury Pick With Diverse Background

Scott Bessent Donald Trump Deficit NC Tax Cuts
Investor Scott Bessent speaks on the economy in Asheville, N.C., Aug. 14, 2024. (AP Photo/Matt Kelley, File)

President-elect Donald Trump has chosen money manager Scott Bessent to serve as his next treasury secretary. Bessent, a South Carolina billionaire, is known for his advocacy for deficit reduction and deregulation. Despite his past support for Democrats, Bessent has become an enthusiastic supporter of Trump.

Key Points About Scott Bessent:
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