The president-elect of the United States, Donald Trump, nominated this Friday the investor and hedge fund manager, Scott Bessent, as the new Secretary of the Treasury, highlighting him as “one of the world’s leading international investors and geopolitical and economic strategists“.
Bessent, 62 years oldwas one of Trump’s advisors in economic political matter during the election campaign, and is the founder of the hedge fund Key Square Capital Management.
“I am extremely pleased to nominate Scott Bessent as the 79th Secretary of the Treasury of the United States. Scott is widely respected as one of the world’s leading international investors and geopolitical and economic strategists. Scott’s story is that of the American dream,” the tycoon declared in a statement, according to the CNN television network.
According to Trump, Bessent has been “long a strong supporter of the ‘America First’ agenda”. “My Administration will restore the freedom, strength, resilience and efficiency of our capital markets. We will give new impetus to the private sector and help stop the unsustainable trajectory of federal debt,” the statement reads.
Likewise, the president-elect has stated that the investor will support his policies “which will boost US competitiveness and end unfair trade imbalances, working to create an economy that puts growth at the forefront, especially through our coming global energy dominance.”
Collector and loyal to the president
Bessent has been one of the key figures for fundraising in the electoral race of Trump, and has defended his economic stance in several media appearances. Prior to founding Key Square, he worked at Soros Capital Management, where he served as Chief Investment Officer from 2011 to 2015.
One of Trump’s most controversial proposals in the economic field is apply high tariffs to all imports, which has led some economists to warn that this measure could revive inflation.
In interviews with media outlets such as Axios and the Financial Times, Bessent tried to downplay Trump’s trade threats. “My general opinion is that, at the end of the day, he is a defender of free trade”Bessent told the Financial Times.
The investor could be a key figure in promoting Trump’s tax agenda in the Capitol, and would also be in charge of economic relations between the North American country and the rest of the world.
The Secretary of the Treasury of the United States is responsible for directing and administering the country’s fiscal and economic policy, with a particular focus on tax collection, public debt management, the application of economic sanctions and supervision of the financial system.
Return to the White House
The magnate has made a new nomination for the United States Office of Management and Budget, again choosing Russell Thurlow Vought, who led the office during his first term. Vought has been a controversial figure due to his policies during that period, especially for their positions on fiscal policy and public spending management issues.
In particular, it was subject to criticism for its participation in the Agenda 2025 initiativea radical and ultra-conservative approach that seeks to reduce the size of the federal government and make drastic cuts to social programs.
“He did an excellent job in this position during my first term: for each new regulation, we reduced four, and it was a great success!” the president stated in a statement.
Trump has stressed that Vought “knows exactly how to dismantle the Deep State and take down the armed government”. “We will restore fiscal sanity to our nation and lift the American people to new levels of prosperity and resourcefulness,” he added.
Lori Chavez-DeRemer, Secretary of Labor
On the other hand, the president-elect of the United States, Donald Trump, announced that the congresswoman from Oregon Lori Chavez-DeRemer, of Hispanic origin, will be your next secretary of labor in the Government after the next January 20 when I take possession.
“He has worked tirelessly with business and labor to develop America’s workforce and support working men and women”The former president (2017-2021), who won the elections on November 5 against Democrat Kamala Harris, said in a statement.
As explained by the congresswoman until now, His grandmother’s family emigrated to the United States from Mexico so that their children could live a better life and achieve their American dream.
“I am proud of my Latin roots and the achievements achieved by the Hispanic community in our great country,” he noted in a post on Facebook.
Chavez-DeRemer began his career in public service in 2002 on the Parks Committee for the city of Happy Valley, Oregon, and later She won a seat on the Municipal Council, of which she was later president.
She was elected mayor in 2010becoming the first Latina mayor of the municipalityand re-elected in 2014. EIn 2022 she was elected to the US House of Representatives to represent Oregon’s 5th congressional district.
She was one of the first Latinas in Congress and the first Republican woman elected to Congress from the state of Oregon.
“I look forward to working with her to create enormous opportunities for American workers, expand training and apprenticeships, raise wages and improve working conditions, and bring back our manufacturing jobs,” Trump said.
mother of two daughtersalong with her husband, Dr. Shawn DeRemer, founded an anesthesia management company and opened several medical clinics in the Pacific Northwest.
Targets former football player Scott Turner
Donald Trump has also nominated the former NFL (National Football League) player and former member of the Government in the magnate’s first term, Scott Turneras Secretary of Housing and Urban Development.
“Scott is an NFL veteran who, during my first term, served as the first executive director of the White House Opportunity and Revitalization Council (WHORC), helping lead an unprecedented effort that transformed the most disadvantaged communities in our country,” Trump said on his Truth Social social network account, which he himself promulgated.
The magnate has praised Turner’s work in that position, where supervised “16 federal agencies that implemented more than 200 policy actions that promoted economic development. “Scott will work alongside me to make America great again for all Americans,” he emphasized.
Turner is the first African American so far nominated for a position in the Trump Administration. If approved by the Senate, he would head a department responsible for coordinating national policy that addresses the housing needs of the countryincluding programs to boost affordable housing or provide assistance to low-income Americans.
Turner played in the NFL for nine seasons with Washington, San Diego and Denver, to later serve in the Texas House of Representatives.
More nominations
In addition to those mentioned, Trump has nominated the former congressman and doctor Dave Weldon to lead the Centers for Disease Control and Prevention (CDC)the US national public health agency responsible for developing and implementing disease control and prevention.
“Americans have lost trust in the CDC and in our federal health authorities, who have dedicated themselves to censorship, data manipulation and misinformation,” the magnate declared on the social network Truth Social, a platform promoted by himself.
Trump has also stated that the CDC “must give one step forward and correct the mistakes of the past to focus on disease prevention.
So, Weldon will replace, if the Senate approves, Mandy Cohenwho took office last year. Weldon was a practicing physician before serving several terms in Congress beginning in 1994; As a congressman, he promoted the idea that thimerosal, a mercury-containing vaccine preservative, caused autism in children.
The American magnate has also announced on the aforementioned social network the nomination of the Fox News medical collaborator, Jannete Nesheiwat, as Surgeon General of the United States.
“Nesheiwat is a fierce defender and a strong communicator of preventive medicine and public health,” Trump said, assuring that the doctor “is committed to ensuring that Americans have access to affordable, quality health care, and believes in empowering people to take charge of their health and live longer, healthier lives.
The Office of the Surgeon General is responsible for providing Americans scientific information about health care options and how to reduce the risk of disease, and is best known for issuing warnings about products such as cigarettes.
Nesheiwat Joins ‘Fox and Friends’ Weekend Show Host Pete Hegsethwhom Trump chose to run the Pentagon, Tulsi Gabbard, the former Fox News contributor chosen as director of national intelligence, and Mike Huckabee, the former Fox News host, as senior administration officials with ties to the network, according to Bloomberg.
The president-elect has also nominated the surgeon Marty Makaray as Commissioner of the United States Food and Drug Administration (FDA, in English).
“The Agency needs Dr. Marty Makary, a highly respected Johns Hopkins surgical oncologist and health policy expertto correct course and reorient the Agency,” he asserted, denouncing that the FDA “has lost its main objective as a regulator” during Biden’s mandate.
“Makary, a member of the prestigious National Academy of Medicine, has dedicated his career to improve medical quality and reduce hospital costs and medicines for all Americans,” he added.
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