Reported about 11 hours ago
Scott Bessent has been appointed by President-elect Donald Trump as his treasury secretary, advocating for deficit reduction and the extension of tax cuts. Previously a Democrat supporter and associate of George Soros, Bessent promotes cutting spending while managing a potential $10 trillion tax cut extension. He views tariffs as a non-inflationary tool for economic sanctions, aiming particularly at China. If confirmed, he would also be the first openly gay treasury secretary in a Republican administration.
Source: YAHOO