President-elect Donald Trump named billionaire Scott Bessent as his pick to serve as the next secretary of the Department of the Treasury.

It was Scott Bessent’s job to lose—and he almost did.But after two weeks of uncertainty, Donald Trump selected Bessent, a longtime investor, as his next Treasury secretary. The pick capped a drawn-out,

Bessent spent his career in finance and gives Wall Street an advocate for tax reform and deregulation. Some call his nomination a 'relief' and say it could reduce the chance of severe tariffs.