Scott Bessent

(Newser) - Scott Bessent, a hedge fund manager, won Senate confirmation on Monday to become Treasury secretary, minutes after two Democrats criticized him in floor speeches over his handling of self-employment taxes involving his hedge fund. The 68-29 vote puts Bessent in place to steer President Trump's economic priorities, including extending...

(Newser) - Stocks closed higher on Wall Street Monday, sending the Dow Jones Industrial Average to another all-time high.

• The Dow rose 440.06 points, or 1%, to 44,736.5, adding to the record it set on Friday.
• The S&P 500 rose 18.03 points, or 0.3%, to 5,

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(Newser) - President-elect Trump's Cabinet is complete after a slew of weekend announcements . Included in this latter batch is the nomination of Scott Bessent to be Treasury secretary. Trump took his time with this pick not only because he views it as a crucial position but because it became the most...

(Newser) - President-elect 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. Trump also said he would nominate Russel Vought to lead the Office of Management and Budget, a position Vought held during Trump's...