President-elect Donald Trump has announced he will nominate Scott Bessent, an advocate for deficit reduction and former George Soros money manager, as treasury secretary.
Bessent emphasizes that his decision to join Trump’s campaign was partly motivated by the urgent need to address the U.S. national debt.
If confirmed, Bessent would make history as the first openly gay treasury secretary, a notable milestone in American political history.
He warns that failing to address the national debt could lead the U.S. toward a European-style socialist democracy, highlighting the importance of cutting government spending.
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