Mon Nov 25 21:55:44 UTC 2024: ## Hedge Fund Manager Scott Bessent Named Trump’s Treasury Secretary
**NEW YORK** – President-elect Donald J. Trump has tapped hedge fund manager Scott Bessent to serve as Treasury Secretary, a surprising choice given Bessent’s past support for Democratic candidates. Bessent, a former protégé of George Soros and a major donor to Democrats including Hillary Clinton and Barack Obama, will now lead the implementation of a Republican economic agenda focused on tax cuts, deregulation, and significant tariffs.
The appointment marks a dramatic shift for Bessent, who once co-hosted a Democratic National Committee fundraiser with then-Vice President Al Gore. While Bessent has been a vocal advocate for LGBTQ+ rights, his appointment represents a significant departure from his previous political affiliations. If confirmed by the Senate, Bessent will play a key role in shaping Trump’s economic policies, including navigating tax cuts through Congress and leading trade negotiations with China. He would also be the first openly gay Treasury Secretary. The selection comes after Bessent accurately predicted Trump’s rise to power last year.
First Piper 