Trump expected to pick Scott Bessent as treasury secretary

Contributing sentiments towards policy:

66% : Bessent has, for instance, extolled Trump for his promises for "getting our finances in order."
58% : "I have one of the most brilliant men in Wall Street, I think, here," Trump said of Bessent during a rally in North Carolina in August.
52% : Trump has also promised tariffs as high as 20 percent on every U.S. trading partner, which could reignite inflation and lead to a contraction in the stock market.
47% : People close to the transition process said Bessent appealed to Trump in part by affirming negative predictions about the economic impact of a Democratic victory in the November elections.
47% : Bessent also hosted an early fundraiser during the GOP primary for the president-elect in South Carolina, when Trump was looking to beat Nikki Haley in her home state, and appeared at events throughout Trump's campaign.
43% : As the president's most important economic official, Bessent is expected to play a crucial role overseeing a broad portfolio that will span international trade, taxes, financial regulation and U.S. sanctions, if he's confirmed.
43% : We're tracking the people Trump has picked or is considering to fill his Cabinet and key positions in his administration.
42% : Bessent campaigned for Trump all year and is seen as a figure who can make populist rhetoric palatable to Wall StreetPresident-elect Donald Trump is expected to select financier Scott Bessent as the next treasury secretary, according to three people with knowledge of the matter, who spoke on the condition of anonymity to describe private deliberations.
38% : Since Election Day, numerous financial industry executives have told Trump officials that they want to see Bessent in the post, in part because of fear that Trump would select trade hawk Bob Lighthizer, according to two other people familiar with the matter, who also spoke on the condition of anonymity to reflect private conversations.
36% : Trump had not yet formally made the announcement and aides have cautioned no announcement is final until a statement is released.
30% : Bessent has defended Trump's trade rhetoric but is seen as less likely to implement some of the sky-high tariffs on other countries that Trump demanded during his first term.
25% : The Wall Street Journal reported that Trump is impressed with the money Bessent made under Soros and does not see that part of his resume as a downside.
23% : But Trump has also called for more than $7 trillion in tax cuts, adding significantly to the nation's fiscal imbalance.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.