On November 23, 2024, President-elect Donald Trump announced the appointment of Scott Bessent as the next Treasury Secretary. Bessent, a hedge fund manager and founder of Key Square Group, was chosen after a competitive selection process that involved several prominent candidates from Wall Street.
Bessent, 62, has a history of supporting Trump's economic policies, particularly his pro-tariff stance. His selection is seen as a move to stabilize fiscal policy under the incoming administration. Trump praised Bessent's capabilities, stating he is 'one of the top analysts on Wall Street.'
In related news, the New York judge overseeing Trump's hush money case has postponed the sentencing originally scheduled for November 26. Judge Juan Merchan will review motions from both Trump's legal team and prosecutors before determining the next steps.
Despite potential legal hurdles, Trump is expected to bring significant challenges to the White House, including four federal and state criminal indictments. His defense team argues that these cases should not proceed while he is in office, citing the Justice Department's policy against prosecuting sitting presidents.