As a money manager, Scott Bessent's years of inconsistent performance have contributed to a nearly 90% decline in his hedge fund's assets. Now, with other business lines expanding, he has scored on perhaps his biggest bet yet: President-elect Donald Trump.

The Treasury Secretary is a high-level Cabinet position charged with advising the president on matters related to financial, economic and tax policy.

Days after claiming a resounding victory in US elections 2024, Donald Trump has announced he will nominate investor Scott Bessent for Treasury Secretary. Bessent is an American investor, philanthropist,

WASHINGTON (AP) — President-elect Donald Trump announced Friday that he’ll nominate former George Soros money manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary.

President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time settling on billionaire investor Scott Bessent as his choice for treasury secretary

Donald Trump has tapped Scott Bessent as treasury secretary, Russell Vought for the Office of Management and Budget, Rep. Lori Chavez-DeRemer as labor secretary, and Scott Turner as housing secretary.

President-elect Donald Trump on Friday announced hedge fund manager Scott Bessent as his choice for treasury secretary and first-term official Russell Vought to head the Office of Management and Budget.

President-elect Donald Trump has picked Scott Bessent, a hedge fund manager and major Trump fundraiser, to be his next Treasury secretary, people familiar with the decision said. Bessent, who has been among Trump’s biggest allies on Wall Street,

Scott Bessent, the veteran hedge fund manager who Donald Trump picked to become the next Treasury secretary, wants tariffs, a shadow chair for the Federal Reserve and maybe a weaker dollar.