In November 2024, Donald Trump nominated Scott Bessent as his pick for Secretary of the Treasury. In his announcement, Trump praised Bessent—a financial advisor and major donor to his 2024 campaign—as “widely respected as one of the world’s foremost international investors and geopolitical and economic strategists.”

Trump described 63-year-old Bessent’s rise as “the American dream” and emphasized his strong support for the America First agenda. On the eve of the United States’ 250th anniversary, Trump said Bessent would help usher in a new era, strengthening the country’s global economic standing and preserving the U.S. dollar as the world’s reserve currency.

Concluding his remarks, Trump declared that together, he and Bessent would “make America rich again, prosperous again, aff

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