Scott Bessent has been tapped for the role of the highest-ranking US economic official, tasked with steering the world's largest economy through key challenges such as the debt ceiling and expiring tax provisions.

Scott Bessent, Donald Trump's pick for Treasury Secretary, is a veteran Wall Street executive who advised Trump during his presidential campaign and has praised his economic agenda of tariffs, lower taxes, and reducing federal regulations.

President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary.

Elon Musk weighed in on Trump's impending pick for Treasury secretary.Musk wrote on X that Cantor Fitzgerald chief executive Howard Lutnick would