Scott Besant will be Trump’s new US Treasury Secretary

“I am Glad to nominate Scott Besant

To become the 79th Secretary of the Treasury of the United States”, Donald Trump wrote In a statement, emphasizing that the hedge fund manager is “widely respected One of the world’s leading international investors, geopolitical and economic strategistsScott’s story is the story of the American dream.”

The president-elect says his candidate is a champion of the common people and American industry who will increase competitiveness, eliminate “unfair trade imbalances” and create an economy that prioritizes growth, “particularly through global energy dominance.”

Besant considered One of the favorites to lead the Treasury Department And one of the least controversial people Trump has chosen. However, Elon Musk, the man in charge of reducing the bloated government bureaucracy, expressed disappointment at the decision, saying he did not expect radical changes from Bessen.

Manager advocates one Drastic reduction in public expenditure and deficit (in line with Trump and Musk’s plans), supports a strong dollar and tax cuts, opposes excessive regulation, would give a big push to banking regulation, for example “allowing community banks to lend to their own communities” Give.”

The investor, philanthropist and educator is the founder and CEO of Square Group.

Connecticut-based hedge fund manager. As the former head of Soros Fund Management, Scott Besant has been a strong supporter of the former president’s policies in recent years, from tariffs to spending cuts.

Besant served as investment director at the K Foundation. george sorosAnalysis of macroeconomic and geopolitical risks. In 2015, he raised capital to create his own hedge fund – including $2 billion from Soros. Besant is a longtime Republican donorBut He has also given money to Democrats, including Hillary Clinton and Barack Obama.In 2000, he hosted a Democratic National Committee fundraiser for then-Democratic presidential candidate Vice President Al Gore.