Scott Bessent, a former Soros money manager, is Donald Trump's pick to lead the U.S. Treasury

U.S. president-elect Donald Trump announced Friday that he'll nominate former George Soros money manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary.

Scott Bessent, a former Soros money manager, is Donald Trump's pick to lead the U.S. Treasury
Donald Trump is seen listening, as investor Scott Bessent speaks at at event in Asheville, N.C., in August 2024.

U.S. president-elect Donald Trump announced Friday that he'll nominate former George Soros money manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary.