Scott Bessent for Treasury Secretary Is Yet Another Disastrous Trump Nomination

November 22, 2024

Scott Bessent for Treasury Secretary Is Yet Another Disastrous Trump Nomination

Washington D.C. - President-elect Donald Trump has nominated billionaire and hedge fund manager Scott Bessent to head the Treasury Department.

In response, Public Citizen co-president Robert Weissman issued the following statement: "America doesn't need a hedge fund executive to lead its economic policymaking, least of all one under the delusion that tax cuts for the rich, rollbacks of public regulatory protections and an increase in oil drilling is somehow the way to strengthen the nation's economy.

"This is yet another disastrous cabinet nomination by Donald Trump, and a further indication of the administration's plans for massive giveaways to the super rich and slashing of regulatory safeguards that guarantee the wellbeing of the American people."