Published Date Nov 25, 2024

Trump’s pick for Treasury is an attempt to strike a middle ground between the worlds of MAGA and money. Bessent is loyal to Trump. He donated nearly $2 million in this latest campaign and served as a close adviser, especially for Trump’s appearance at the Economic Club of New York in September. But he also clearly understands how markets — including the U.S. debt market — work. He would bring credibility to a Cabinet that has some clowns.

Read More: Opinion | Trump’s treasury secretary pick is a peace offering to Wall Street

By Caroline Gaudette

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