President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary.
Bessent is a past supporter of Democrats who has become an enthusiastic supporter of Trump. He's an advocate of cutting spending while extending the tax cuts approved by Congress in Trump's first term.
Here are four things to know about the South Carolina billionaire who, if confirmed by the Senate, will manage the nation's finances
He worked for George Soros and donated to Democratic causes
Before becoming a Trump donor and adviser, Bessent donated to various Democratic causes in the early 2000s, notably Al Gore's presidential run. He also worked for George Soros, a major supporter of Democrats.
