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grow-content-body entry" aria-label="Trump Picks Scott Bessent for Treasury Secretary" itemscope itemtype="https://schema.org/CreativeWork"><header class="entry-header"><h1 class="entry-title" itemprop="headline">Trump Picks Scott Bessent for Treasury Secretary</h1> <p class="entry-meta"><time class="entry-time" itemprop="datePublished" datetime="2024-11-22T18:14:51-05:00">November 22, 2024 at 6:14 pm EST</time> By <span class="entry-author" itemprop="author" itemscope itemtype="https://schema.org/Person"><a href="https://politicalwire.com/author/tdg/" class="entry-author-link" rel="author" itemprop="url" data-wpel-link="internal"><span class="entry-author-name" itemprop="name">Taegan Goddard</span></a></span> <span class="entry-comments-link"><a href="https://politicalwire.com/2024/11/22/trump-picks-scott-bessent-for-treasury-secretary/#respond" data-wpel-link="internal"><span class="dsq-postid" data-dsqidentifier="1733923 https://politicalwire.com/2024/11/22/trump-picks-scott-bessent-for-treasury-secretary/">Leave a Comment</span></a></span> </p></header><div class="entry-content" itemprop="text"> <p>President-elect Donald Trump has selected hedge-fund manager Scott Bessent to lead the Treasury Department, “elevating one of the finance world’s most vocal supporters of the president-elect to a crucial position overseeing the incoming administration’s economic agenda,” the <a href="https://www.wsj.com/politics/trump-treasury-secretary-scott-bessent-cabinet-2470c09a?mod=hp_lead_pos1" data-wpel-link="external" target="_blank">Wall Street Journal</a> reports.</p> <p>“Bessent in recent months has become a key economic adviser to Trump and his team. He has defended Trump’s economic proposals in the midst of opposition from some on Wall Street, who worry that the president-elect’s pledge to impose sweeping tariffs will trigger trade wars and ultimately lead to higher prices for American consumers.”</p> <span class='wpfp-span'><img src='https://politicalwire.com/wp-content/uploads/2017/02/Bookmark-e1487617811729.png' alt='Favorite' title='Favorite' class='wpfp-img' /><img src='https://politicalwire.com/wp-content/plugins/wp-favorite-posts/img/loading.gif' alt='Loading' title='Loading' class='wpfp-hide wpfp-img' /><a class="wpfp-link" href="?wpfpaction=add&postid=1733923" title="Save to Favorites" rel="nofollow" data-wpel-link="internal">Save to Favorites</a></span></div><div id="dpsp-content-bottom" class="dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-no-labels-mobile dpsp-show-on-mobile dpsp-button-style-1" style="min-height:40px;position:relative"> <ul class="dpsp-networks-btns-wrapper 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I am a really big fan of you people.” — President Trump, as he spoke to drivers at the Daytona 500…</p> </div> </div></article><article class=" wp-show-posts-single post-1760507 post type-post status-publish format-standard category-foreign-affairs mv-content-wrapper entry wpsp-col-6" itemtype="http://schema.org/CreativeWork" itemscope><div class="wp-show-posts-inner" style=""> <header class="wp-show-posts-entry-header"> <h3 class="wp-show-posts-entry-title" itemprop="headline"><a href="https://politicalwire.com/2025/02/17/canadian-flag-sales-surge/" rel="bookmark" data-wpel-link="internal">Canadian Flag Sales Surge</a></h3><div class="wp-show-posts-entry-meta wp-show-posts-entry-meta-below-title post-meta-inline"><span class="wp-show-posts-posted-on wp-show-posts-meta"> <a href="https://politicalwire.com/2025/02/17/canadian-flag-sales-surge/" title="8:04 am" rel="bookmark" data-wpel-link="internal"><time class="wp-show-posts-entry-date published" datetime="2025-02-17T08:04:12-05:00" itemprop="datePublished">February 17, 2025 at 8:04 am EST</time></a> </span></div> </header> <div class="wp-show-posts-entry-summary" itemprop="text"> <p>Canadian flag maker Flags Unlimited has doubled its sales in the past six weeks amid tensions with the U.S., Fortune reports. 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</header> <div class="wp-show-posts-entry-summary" itemprop="text"> <p>Playbook: “From reshaping the global security map to triggering a global trade war; from gutting the federal government to transforming the conversation around immigration, diversity and gender rights (plus plenty…</p> </div> </div></article><article class=" wp-show-posts-single post-1760504 post type-post status-publish format-standard category-foreign-affairs mv-content-wrapper entry wpsp-col-6" itemtype="http://schema.org/CreativeWork" itemscope><div class="wp-show-posts-inner" style=""> <header class="wp-show-posts-entry-header"> <h3 class="wp-show-posts-entry-title" itemprop="headline"><a href="https://politicalwire.com/2025/02/17/cia-plots-bigger-role-in-drug-cartel-fight/" rel="bookmark" data-wpel-link="internal">CIA Plots Bigger Role in Drug Cartel Fight</a></h3><div class="wp-show-posts-entry-meta wp-show-posts-entry-meta-below-title post-meta-inline"><span class="wp-show-posts-posted-on wp-show-posts-meta"> <a href="https://politicalwire.com/2025/02/17/cia-plots-bigger-role-in-drug-cartel-fight/" title="7:52 am" rel="bookmark" data-wpel-link="internal"><time class="wp-show-posts-entry-date published" datetime="2025-02-17T07:52:47-05:00" itemprop="datePublished">February 17, 2025 at 7:52 am EST</time></a> </span></div> </header> <div class="wp-show-posts-entry-summary" itemprop="text"> <p>“The Central Intelligence Agency is poised to take a larger, more aggressive role under President Donald Trump in the battle against Mexican-based drug cartels, devising and evaluating plans to share…</p> </div> </div></article><article class=" wp-show-posts-single post-1760502 post type-post status-publish format-standard category-foreign-affairs mv-content-wrapper entry wpsp-col-6" itemtype="http://schema.org/CreativeWork" itemscope><div class="wp-show-posts-inner" style=""> <header class="wp-show-posts-entry-header"> <h3 class="wp-show-posts-entry-title" itemprop="headline"><a href="https://politicalwire.com/2025/02/17/who-will-succeed-xi-jinping/" rel="bookmark" data-wpel-link="internal">Who Will Succeed Xi Jinping?</a></h3><div class="wp-show-posts-entry-meta wp-show-posts-entry-meta-below-title post-meta-inline"><span class="wp-show-posts-posted-on wp-show-posts-meta"> <a href="https://politicalwire.com/2025/02/17/who-will-succeed-xi-jinping/" title="7:49 am" rel="bookmark" data-wpel-link="internal"><time class="wp-show-posts-entry-date published" datetime="2025-02-17T07:49:25-05:00" itemprop="datePublished">February 17, 2025 at 7:49 am EST</time></a> </span></div> </header> <div class="wp-show-posts-entry-summary" itemprop="text"> <p>“Xi Jinping, China’s most powerful leader since Mao, has given no signs about who will succeed him,” the Financial Times reports. “After more than a decade of political purges and…</p> </div> </div></article><article class=" wp-show-posts-single post-1760500 post type-post status-publish format-standard category-financial-markets category-foreign-affairs mv-content-wrapper entry wpsp-col-6" itemtype="http://schema.org/CreativeWork" itemscope><div class="wp-show-posts-inner" style=""> <header class="wp-show-posts-entry-header"> <h3 class="wp-show-posts-entry-title" itemprop="headline"><a href="https://politicalwire.com/2025/02/17/european-defense-shares-surge/" rel="bookmark" data-wpel-link="internal">European Defense Shares Surge</a></h3><div class="wp-show-posts-entry-meta wp-show-posts-entry-meta-below-title post-meta-inline"><span class="wp-show-posts-posted-on wp-show-posts-meta"> <a href="https://politicalwire.com/2025/02/17/european-defense-shares-surge/" title="7:45 am" rel="bookmark" data-wpel-link="internal"><time class="wp-show-posts-entry-date published" datetime="2025-02-17T07:45:31-05:00" itemprop="datePublished">February 17, 2025 at 7:45 am EST</time></a> </span></div> </header> <div class="wp-show-posts-entry-summary" itemprop="text"> <p>“Shares in European defense companies hit record highs on Monday, as investors bet that governments will have to shoulder more of the burden for the continent’s security by increasing military…</p> </div> </div></article><article class=" wp-show-posts-single post-1760497 post type-post status-publish format-standard category-white-house mv-content-wrapper entry wpsp-col-6" itemtype="http://schema.org/CreativeWork" itemscope><div class="wp-show-posts-inner" style=""> <header class="wp-show-posts-entry-header"> <h3 class="wp-show-posts-entry-title" itemprop="headline"><a href="https://politicalwire.com/2025/02/17/trump-targets-growing-list-of-those-he-sees-as-disloyal/" rel="bookmark" data-wpel-link="internal">Trump Targets Growing List of Those He Sees as Disloyal</a></h3><div class="wp-show-posts-entry-meta wp-show-posts-entry-meta-below-title post-meta-inline"><span class="wp-show-posts-posted-on wp-show-posts-meta"> <a href="https://politicalwire.com/2025/02/17/trump-targets-growing-list-of-those-he-sees-as-disloyal/" title="7:36 am" rel="bookmark" data-wpel-link="internal"><time class="wp-show-posts-entry-date published" datetime="2025-02-17T07:36:50-05:00" itemprop="datePublished">February 17, 2025 at 7:36 am EST</time></a> </span></div> </header> <div class="wp-show-posts-entry-summary" itemprop="text"> <p>New York Times: “Through the first month of his administration, Mr. Trump and his allies have carried out a campaign of revenge and retribution that has little analogue in American…</p> </div> </div></article><article class=" wp-show-posts-single post-1760495 post type-post status-publish format-standard category-budget category-senate mv-content-wrapper entry wpsp-col-6" itemtype="http://schema.org/CreativeWork" itemscope><div class="wp-show-posts-inner" style=""> <header class="wp-show-posts-entry-header"> <h3 class="wp-show-posts-entry-title" itemprop="headline"><a href="https://politicalwire.com/2025/02/17/senate-gop-to-consider-budget-plan/" rel="bookmark" data-wpel-link="internal">Senate GOP to Consider Budget plan</a></h3><div class="wp-show-posts-entry-meta wp-show-posts-entry-meta-below-title post-meta-inline"><span class="wp-show-posts-posted-on wp-show-posts-meta"> <a href="https://politicalwire.com/2025/02/17/senate-gop-to-consider-budget-plan/" title="7:34 am" rel="bookmark" data-wpel-link="internal"><time class="wp-show-posts-entry-date published" datetime="2025-02-17T07:34:17-05:00" itemprop="datePublished">February 17, 2025 at 7:34 am EST</time></a> </span></div> </header> <div class="wp-show-posts-entry-summary" itemprop="text"> <p>Punchbowl News: “As we reported Sunday, Senate Republican leaders are considering bringing their ‘skinny’ resolution — championed by Thune and Senate Budget Committee Chair Lindsey Graham (R-S.C.) — to the…</p> </div> </div></article><article class=" wp-show-posts-single post-1760485 post type-post status-publish format-standard category-financial-markets category-foreign-affairs mv-content-wrapper entry wpsp-col-6" itemtype="http://schema.org/CreativeWork" itemscope><div class="wp-show-posts-inner" style=""> <header class="wp-show-posts-entry-header"> <h3 class="wp-show-posts-entry-title" itemprop="headline"><a href="https://politicalwire.com/2025/02/17/argentine-president-charged-with-fraud/" rel="bookmark" data-wpel-link="internal">Argentine President Charged with Fraud</a></h3><div class="wp-show-posts-entry-meta wp-show-posts-entry-meta-below-title post-meta-inline"><span class="wp-show-posts-posted-on wp-show-posts-meta"> <a href="https://politicalwire.com/2025/02/17/argentine-president-charged-with-fraud/" title="7:06 am" rel="bookmark" data-wpel-link="internal"><time class="wp-show-posts-entry-date published" datetime="2025-02-17T07:06:06-05:00" itemprop="datePublished">February 17, 2025 at 7:06 am EST</time></a> </span></div> </header> <div class="wp-show-posts-entry-summary" itemprop="text"> <p>“Argentine lawyers filed fraud charges against President Javier Milei in criminal court on Sunday for promoting a cryptocurrency on his social media,” the AP reports. Save to Favorites</p> </div> </div></article><article class=" wp-show-posts-single post-1760483 post type-post status-publish format-standard category-science mv-content-wrapper entry wpsp-col-6" itemtype="http://schema.org/CreativeWork" itemscope><div class="wp-show-posts-inner" style=""> <header class="wp-show-posts-entry-header"> <h3 class="wp-show-posts-entry-title" itemprop="headline"><a href="https://politicalwire.com/2025/02/17/nasa-missions-are-up-in-the-air/" rel="bookmark" data-wpel-link="internal">NASA Missions Are Up in the Air</a></h3><div class="wp-show-posts-entry-meta wp-show-posts-entry-meta-below-title post-meta-inline"><span class="wp-show-posts-posted-on wp-show-posts-meta"> <a href="https://politicalwire.com/2025/02/17/nasa-missions-are-up-in-the-air/" title="7:02 am" rel="bookmark" data-wpel-link="internal"><time class="wp-show-posts-entry-date published" datetime="2025-02-17T07:02:07-05:00" itemprop="datePublished">February 17, 2025 at 7:02 am EST</time></a> 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href="https://politicalwire.com/2025/02/17/clean-energy-program-takes-deep-staff-cuts/" title="6:59 am" rel="bookmark" data-wpel-link="internal"><time class="wp-show-posts-entry-date published" datetime="2025-02-17T06:59:47-05:00" itemprop="datePublished">February 17, 2025 at 6:59 am EST</time></a> </span></div> </header> <div class="wp-show-posts-entry-summary" itemprop="text"> <p>“A federal clean-energy program fueled by hundreds of billions of dollars during the Biden administration has lost about one-fourth of its staff as part of President Trump’s program to reduce…</p> </div> </div></article><article class=" wp-show-posts-single post-1760479 post type-post status-publish format-standard category-health-care mv-content-wrapper entry wpsp-col-6" itemtype="http://schema.org/CreativeWork" itemscope><div class="wp-show-posts-inner" style=""> <header class="wp-show-posts-entry-header"> <h3 class="wp-show-posts-entry-title" itemprop="headline"><a 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wp-show-posts-single post-1760475 post type-post status-publish format-standard category-foreign-affairs mv-content-wrapper entry wpsp-col-6" itemtype="http://schema.org/CreativeWork" itemscope><div class="wp-show-posts-inner" style=""> <header class="wp-show-posts-entry-header"> <h3 class="wp-show-posts-entry-title" itemprop="headline"><a href="https://politicalwire.com/2025/02/17/britain-pledges-troops-to-keep-peace-in-ukraine/" rel="bookmark" data-wpel-link="internal">Britain Pledges Troops to Keep Peace in Ukraine</a></h3><div class="wp-show-posts-entry-meta wp-show-posts-entry-meta-below-title post-meta-inline"><span class="wp-show-posts-posted-on wp-show-posts-meta"> <a href="https://politicalwire.com/2025/02/17/britain-pledges-troops-to-keep-peace-in-ukraine/" title="6:50 am" rel="bookmark" data-wpel-link="internal"><time class="wp-show-posts-entry-date published" datetime="2025-02-17T06:50:52-05:00" itemprop="datePublished">February 17, 2025 at 6:50 am EST</time><time class="wp-show-posts-updated" datetime="2025-02-17T06:52:23-05:00" itemprop="dateModified">February 17, 2025 at 6:52 am EST</time></a> </span></div> </header> <div class="wp-show-posts-entry-summary" itemprop="text"> <p>Writing in the Telegraph, British prime minister Keir Starmer said the U.K. is “ready and willing to contribute to security guarantees to Ukraine by putting our own troops on the…</p> </div> </div></article><article class=" wp-show-posts-single post-1760473 post type-post status-publish format-standard category-foreign-affairs mv-content-wrapper entry wpsp-col-6" itemtype="http://schema.org/CreativeWork" itemscope><div class="wp-show-posts-inner" style=""> <header class="wp-show-posts-entry-header"> <h3 class="wp-show-posts-entry-title" itemprop="headline"><a href="https://politicalwire.com/2025/02/17/a-u-s-that-once-united-europe-now-divides-it/" rel="bookmark" data-wpel-link="internal">A U.S. That Once United Europe Now Divides It</a></h3><div 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