Deficit Reduction and Growth Agenda: Bessent’s Treasury Portfolio

President-elect Donald Trump confirmed on Nov. 22 his plans to nominate Wall Street billionaire financier Scott Bessent as Treasury secretary. Bessent, 62, the founder of Key Square Group and Trump’s 2024 economic adviser, will serve in one of the most influential economic positions in the White House. By overseeing the Treasury Department, Bessent, if confirmed by the Senate, will function as the federal government’s fiscal watchdog and a vital administration official to enact the president-elect’s economic agenda. “As a lifelong champion of Main Street America and American industry, Scott will support my policies that will drive U.S. competitiveness, and stop unfair trade imbalances, work to create an economy that places growth at the forefront, especially through our coming world energy dominance,” Trump said in an end-of-week announcement....