Trump chooses Bessent for treasury secretary, Vought for budget director

Nov. 22 (UPI) -- President-elect Donald Trump on Friday announced hedge fund manager Scott Bessent as his choice for treasury secretary and first-term official Russell Vought to head the Office of Management and Budget.

Bessent, a 62-year-old billionaire, is the founder of Key Square Capital Management and a strong proponent of corporate deregulation. cutting taxes and reducing the national debt.

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