Trump names billionaire Scott Bessent as Treasury secretary pick

Contributing sentiments towards policy:

61% : Trump had expected to announce his pick for Treasury a week ago, but jockeying among his top contenders for the role - Bessent and Howard Lutnick - led him to expand his pool of prospects.
59% : "Trump named a flurry of new Cabinet picks and other top administration roles Friday night, as he was eager to announce his latest decisions before the holiday weekend, two sources familiar with the announcements said.
56% : On the eve of our Great Country's 250th Anniversary, he will help me usher in a new Golden Age for the United States, as we fortify our position as the World's leading Economy, Center of Innovation and Entrepreneurialism, Destination for Capital, while always, and without question, maintaining the U.S. Dollar as the Reserve Currency of the World," Trump said in a statement announcing the pick Friday, confirming CNN's earlier reporting.
55% : All of the names Trump put out Friday night had been decided by the afternoon, the sources said, but he wanted to name his Treasury secretary first before publicly releasing his other decisions.
53% : "Bessent, 62, advised Trump on economic policy on the campaign trail and is the founder of hedge fund Key Square Capital Management.
49% : During his first term, Trump chose Steven Mnuchin, a financier and Hollywood producer who stayed in the administration all four years.
48% : Trump as a candidate pledged to impose 60% tariffs on goods from China, as well as 10% tariffs on goods from other countries.
47% : But he called Elon Musk last weekend to try to win over the tech billionaire before he attended a United Fighting Championship with Trump.
38% : As CNN previously reported, Trump had been nearing a decision to name Bessent earlier this month, with allies saying Trump liked his billionaire bona fides and the fact that he converted to the MAGA movement after working for Soros.
27% : "He went on to advocate for Trump to pursue policies involving deregulation and tax cuts as well as "addressing the debt burden," which he attributed to "four years of reckless spending.

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