After winning the election on November 5, the newly elected President of the United States, Donald Trump, began to choose the top faces of his administration. According to analysts, Trump is selectively placing people close and trusted in his administration. Many of his nominees are being criticized.
He has so far chosen former rival Marco Rubio as Secretary of State. Trump chose Fox News anchor and former military officer Pete Hegseth as defense secretary. Chosen John Ratcliffe as CIA chief.
Elon Musk headed the government efficiency department. Tulsi Gabbard has been selected as the head of the US National Intelligence Agency. Robert F. Kennedy Jr. was given responsibility for the Department of Health and Human Services (HHS).
The White House has chosen 27-year-old Caroline Levitt as his press secretary. Linda McMahon, a former chief executive (CEO) of a wrestling company, was nominated as the Minister of Education.
After the Matt Gaetz controversy, Trump chose old ally Pam Bondi as attorney general. Finally, Trump nominated Scott Bessant, a hedge fund manager, as the Treasury Secretary.
He has been nominated to implement an economic agenda based on lowering taxes and imposing tariffs within the country.
Trump said of Scott Bessant, 'Scott is recognized as one of the world's foremost experts on investment, geopolitics and economic strategy. I hope he will help usher in a new golden age for the United States and strengthen our position in the global economy.'
According to analysts, Besant's nomination is very important for the US business and financial community. Bessant's nomination will be particularly helpful in his plan to reform global trade through the imposition of tariffs and the expansion of tax cuts introduced in Trump's first term.
As finance minister, Besant will oversee tax policy, public debt, the international economy and the sanctions regime.
Scott Besant is known as the top investor on Wall Street. Once worked in the company of American billionaire George Soros. According to information provided by the Election Commission, he gave $300,000 to Trump's 2024 election campaign.
Scott Besant, 62, is a resident of South Carolina. He was born in 1984. Studied at Yale University. In 2015, he formed his own hedge fund by investing 200 million dollars. In addition, Scott Besant is the founder of the investment company 'Key Square Capital Management'.
