Trump nominates Scott Bessent as treasury secretary; Russ Vought for budget office

President-elect Trump nominated Scott Bessent to serve as Treasury Department secretary once he returns to the White House in January.
In a statement on Friday, Trump highlighted Bessent's expertise.

"I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States," he said. "Scott is widely respected as one of the World’s foremost International Investors and Geopolitical and Economic Strategists. Scott’s story is that of the American Dream."

Trump said that Bessent will assist in achieving the "Golden Age for the United States," saying that he will focus on improving the economy and preserving the dollar.

"Scott has long been a strong advocate of the America First Agenda. On the eve of our Great Country’s 250th Anniversary, he will help me usher in a new Golden Age for the United States, as we fortify our position as the World’s leading Economy, Center of Innovation and Entrepreneurialism, Destination for Capital, while always, and without question, maintaining the U.S. Dollar as the Reserve Currency of the World," he said.

"Unlike in past Administrations, we will ensure that no Americans will be left behind in the next and Greatest Economic Boom, and Scott will lead that effort for me, and the Great People of the United States of America."