It was Scott Bessent’s job to lose—and he almost did. But after two weeks of uncertainty, Donald Trump selected Bessent, a longtime investor, as his next Treasury secretary. The pick capped a drawn-out, behind-the-scenes game of thrones marked by ...

If confirmed, Bessent will be tasked with implementing any tax cuts a Republican-controlled Congress may pursue.

President-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as U.S. Treasury secretary, ending days of twists that saw high profile candidates pitted against each other for the cabinet position with vast influence over economic,