Donald Trump has nominated Scott Bessent to lead the US Treasury Department, one of the most influential roles in government with wide oversight of tax policy, public debt, international finance and sanctions.<\/p>\n
The selection ends what has proven to be one of the more protracted decisions for the president-elect as he assembles his team for a second term.<\/p>\n
Bessent, a Wall Street financier who once worked for George Soros, was an early backer of Trump\u2019s 2024 bid and brings a relatively conventional resume to the role.<\/p>\n
The 62-year-old\u2019s nomination on Friday evening kicked-off a series of cabinet announcements and White House appointments that leaves Trump\u2019s top team almost complete ahead of his return to the presidency in January.<\/p>\n
\u201cScott is widely respected as one of the World\u2019s foremost International Investors and Geopolitical and Economic Strategists,\u201d Trump said in his announcement on Truth Social.<\/p>\n
\u201c[He] has long been a strong advocate of the America First Agenda,\u201d he said, adding that Bessent would \u201csupport my Policies that will drive US Competitiveness, and stop unfair Trade imbalances.\u201d<\/p>\n
Bessent has made it well known that he wants to extend tax cuts made in Mr Trump\u2019s first term in office.<\/p>\n
He has also defended the use of import tariffs, one of the more controversial parts of the President-elect\u2019s campaign agenda, calling them a \u201cuseful negotiating tool\u201d.<\/p>\n
On the campaign trail, Bessent told voters that Trump would usher in a \u201cnew golden age with de-regulation, low-cost energy, [and] low taxes\u201d.<\/p>\n
Trump also nominated Republican Congresswoman Lori Chavez-DeRemer for US Labor Secretary on Friday, saying she would help to \u201cgrow wages and improve working conditions [and] bring back our manufacturing jobs\u201d.<\/p>\n
The representative from Oregon, 56, won strong trade union support but narrowly lost her bid for re-election earlier this month, meaning her nomination will not affect the Republican majority in the House come January.<\/p>\n
He then made another cabinet nomination moments later, announcing Scott Turner as his pick to lead the Department of Housing and Urban Development. The NFL veteran and motivational speaker previously served in the Texas House of Representatives.<\/p>\n
Trump also announced a series of senior health picks, giving his backing to Fox News contributor Dr Janette Nesheiwat\u00a0as Surgeon General and former Florida Congressman Dr Dave Weldon as Director of the Centers for Disease Control and Prevention (CDC).<\/p>\n
He selected Rusell Vought\u00a0as director of the US Office of Management and Budget, which helps decide policy priorities and how they should be funded.<\/p>\n
Vought, who played a role in Project 2025 \u2013 a \u201cwish list\u201d for a second Trump presidency by the conservative Heritage Foundation \u2013 held the same position during Trump\u2019s first term.<\/p>\n
The president-elect also announced White House roles for Alex Wong and Sebastian Gorka who also served during Trump\u2019s first term.<\/p>\n
The post Trump nominates Bessent to lead US Treasury in flurry of announcements<\/a> first appeared on KBC<\/a>.<\/p>\n The post Trump nominates Bessent to lead US Treasury in flurry of announcements<\/a> appeared first on KBC<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Donald Trump has nominated Scott Bessent to lead the US Treasury Department, one of the most influential roles in government with wide oversight of tax policy, public debt, international finance and sanctions. The selection ends what has proven to be one of the more protracted decisions for the president-elect as he assembles his team for […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-103103","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/103103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=103103"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/103103\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=103103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=103103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=103103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}