Key Advisers to Trump Back Bessent for Treasury Secretary
- John Paulson takes himself out of running for cabinet job
- Trump has not yet announced candidate for top economic post
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Some of President-elect Donald Trump’s key advisers are backing Scott Bessent, who runs macro hedge fund Key Square Group, as the best choice to serve as Treasury secretary, people familiar with the matter said.
Trump has not yet made a decision or offered the job to any candidate. But Bessent’s contributions during the campaign — from fundraising to helping write economic speeches and draft policy proposals — earned the president-elect’s respect, the people said.