Who is Scott Bessent? What you need to know about Trump's Treasury secretary pick.

By CBS News | Nov 22, 2024 at 07:23 PM EST

President-elect Donald Trump has nominated Scott Bessent, a hedge fund billionaire with ties to Soros Fund Management, as his pick for U.S. Treasury secretary. Bessent has supported Trump's economic policies and has a background in finance and teaching. His proposed policies include tariffs and GDP growth strategies.

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