Donald Trump Announces Key Appointments for Economic Leadership and Budget Management
President-elect Donald Trump named Scott Bessent as Treasury Secretary and Russ Vought to lead the Office of Management and Budget (OMB), emphasizing a new era for the U.S. economy. Bessent, a close ally of Trump and founder of Key Square Group, will aim to reinforce the dollar’s status and manage public debt, while Vought’s appointment raises concerns due to his involvement in the controversial ‘Project 2025’ aimed at reforming federal employee status.