President-elect Donald Trump announced Friday that he'll nominate hedge fund manager Scott Bessent to serve as his next treasury secretary.
President-elect Donald Trump announced Friday that he'll nominate hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary.
In addition, Trump rounded out his health team. He chose Dr. Janette Nesheiwat, a general practitioner and Fox News contributor, to be surgeon general; Dr. Dave Weldon, a former Republican congressman from Florida, to lead the Centers for Disease Control and Prevention; and Dr. Marty Makary, a Johns Hopkins surgeon, as head of the Food and Drug Administration. Trump previously said he would nominate Robert F. Kennedy Jr.
“This election cycle is the last chance for the U.S. to grow our way out of this mountain of debt without becoming a sort of European-style socialist democracy,” he said then. Bessent’s selection wasn’t surprising; he had been among the names floated for the treasury secretary role. At an October Detroit Economic Club event, Trump called Bessent “one of the top analysts on Wall Street.”
But after the election, Bessent reportedly backed away from that plan. Powell, for his part, has said he wouldn’t step down if Trump asked him to do so, and added that Trump, as president, doesn’t have the authority to fire him.
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