Trump's Treasury Pick: Gay Billionaire Scott Bessent Sparks Market Debate
TL;DR Summary
Donald Trump has nominated Scott Bessent, a gay billionaire and founder of Key Square Group, as treasury secretary, marking a historic first for an out gay cabinet secretary in a Republican administration. Bessent, a former Soros Fund Management partner, has supported Trump's economic policies and donated to Republicans, despite Trump's controversial LGBTQ+ rights record. If confirmed, Bessent plans to focus on making Trump's tax cuts permanent and using tariffs as a negotiating tool.
Topics:business#donald-trump#lgbtq#politics#republican-administration#scott-bessent#treasury-secretary
- Trump picks gay billionaire to serve as treasury secretary PinkNews
- Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury. The New York Times
- Insana: Why Wall Street’s rally after Trump’s Treasury pick may be unjustified CNBC
- Trump's Treasury pick could butt heads with Trump on tariffs and immigration Axios
- Markets Cheered Bessent for Treasury. Trump Isn’t Done Yet. Barron's
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