Trump's Treasury Pick: Gay Billionaire Scott Bessent Sparks Market Debate
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.