by Helen Tansey at T-Room.us
Several of President Trump’s key cabinet nominee’s are going through the painful gauntlet of Senate Confirmation hearings beginning this week. We are highlighting Trump’s nominees who will serve in his cabinet.
Next up is Trump’s nominee to serve as Secretary of the Department of Treasury, Scott Bessent
Here’s Bissent’s bio:
“Trump has a generational opportunity to unleash a new economic golden age that will create more jobs, wealth and prosperity for all Americans,” Bessent wrote in remarks prepared for his opening statement in front of the Senate Committee on Finance beginning at 10:30 a.m. EST.
A South Carolina native and 1984 graduate of Yale University, the 62-year-old Bessent is the founder of the hedge fund Key Square Management, which had less than $600 million in assets under management as of the end of 2023.Bessent worked for Soros from 1991 to 2000, rising to the firm’s head of European allocation by his departure, and returned to Soros from 2011 to 2015 as the fund’s chief investment officer, departing again to run Key Square with a $2 billion investment from the 94-year-old Soros (the Wall Street Journal reports Bessent hasn’t talked to his former boss Soros “in years”).A key advisor to Trump on economic policy, Bessent donated about $3 million to Trump and other Republican causes this election cycle, calling Trump “very sophisticated on economic policy” compared to the “economic illiterate” Harris in an interview with Forbes last week.Click here to read more
Watch Bessent’s opening statement before the Senate Finance Committee:
Watch the full Bessent hearing –