Trump nominates Scott Bessent as Treasury Secretary

by Andrea
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Bessent, who is the founder of Key Square Capital Management and an experienced hedge fund manager, was a key fundraiser during the Republican’s campaign.

KAMIL KRZACZYNSKI / AFP
Former US President and Republican presidential candidate Donald Trump dances as he walks on stage during a campaign rally at Van Andel Arena in Grand Rapids, Michigan on November 5, 2024. (Photo by KAMIL KRZACZYNSKI/AFP)

The Republican, recently elected president of the appointed Scott Bessent to the position of Secretary of the Treasury. Bessent, who is the founder of Key Square Capital Management and an experienced hedge fund manager, was a key fund-raiser during Trump’s campaign and also served as an economic adviser to the former president. In other news, a draft agreement presented for COP 29 suggests an investment of US$250 billion per year, but this amount is considered insufficient to meet global needs.

Published by Sarah Paula

*Report produced with the help of AI

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