Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad understanding of financial markets.
Category: Treasury Department
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Can Wall Street Billionaires Deliver on Trump’s Blue-Collar Promise?
The president-elect has named wealthy financiers for key economic positions, raising questions about how much they will follow through on promises to help the working class.
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How Trump Could Upend Electric Car Sales
Fewer people will be able to afford electric cars and trucks if President-elect Donald J. Trump and Republicans in Congress eliminate a $7,500 federal tax credit.
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How Scott Bessent Went From Democratic Donor to Trump Treasury Secretary Pick
The hedge fund investor predicted last year that President-elect Donald J. Trump’s political fortunes were on the rise.
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Trump Taps Investor Scott Bessent as Treasury Secretary
The hedge fund manager will be responsible for steering President-elect Donald J. Trump’s unconventional economic agenda.
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How Howard Lutnick Could Shake Up Global Trade
President-elect Donald Trump’s pick to run the Commerce Department would have a big say on American industrial policy and tariffs.
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Trump’s Treasury Challenge: A Pick Who Loves Tariffs Yet Calms Markets
The president-elect is considering a conflicting mix of qualities as he decides who will steer his economic agenda.
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The Race to Lead Trump’s Treasury Dept. Is Becoming a Cliffhanger
Howard Lutnick? Scott Bessent? Marc Rowan? Kevin Warsh? The president-elect’s list of candidates has grown longer, clouding the future of the department.
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The Big Names Angling for Roles in Trump’s Cabinet
Lobbyists are trying to connect executives with the Trump transition team, and some familiar names are in the mix for top jobs.
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How Elon Musk Might Use His Pull With Trump to Help Tesla
Although Donald Trump has opposed policies that favor electric cars, if he becomes president he could ease regulatory scrutiny of Tesla or protect lucrative credits and subsidies.
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U.S. Raises New Concerns Over Chinese Lending Practices
A Treasury official will call for greater transparency over emergency currency “swap” loans to struggling countries by China’s central bank.