Scott Bessent, a former Soros Fund Management chief investment officer, was nominated to lead the Treasury Department. Rep. Lori Chavez-DeRemer (R-Ore.) was tapped to head the Labor Department. Other nominations include Dr. Janette Nesheiwat as U.S ...

Here's what to know about the Treasury secretary pick Bessent, who beat out a crowded field including former Fed official Kevin Warsh and billionaire Marc Rowan.

Investor Scott Bessent has spent his career in finance, working for macro investment billionaire George Soros and noted short seller Jim Chanos, as well as running his own hedge fund.