Scott Bessent’s Appointment at Treasury Calms Markets
Donald Trump with Scott Bessent during a campaign event. Photographer: Matt Kelley/AP
Good morning. Wall Street welcomes one of its own as Treasury secretary. COP strikes a climate deal that nobody’s happy with. And Americans find a new Hamptons—in England. Listen to the day’s top stories.
Scott Bessent is set to become Donald Trump’s Treasury secretary after months of lobbying. A hedge fund manager by trade, he told the Wall Street Journal that Trump’s tax cuts and tariff pledges will be his focus. Read more reaction to the nomination in the Deep Dive below.