In a statement, Trump hauled Bessent, a financial advisor and significant contributor to Trump’s 2024 presidential campaign, as “one of the world’s foremost international investors and geopolitical and economic strategists.” Trump expressed his unwavering backing for the America First agenda and called Bessent’s journey “the American dream.” On the occasion of America’s 250th anniversary, Trump said that Bessent would assist the United States enter a new era by strengthening its position in the global economy and guaranteeing that the dollar would continue to be the world’s reserve currency.
Along with Bessent, Trump promised to “make America rich again, prosperous again, affordable again, and, most importantly, great again.” If approved by the Senate, Bessent, who resides mostly in Charleston, South Carolina, with his husband and two sons, would become the first openly gay Secretary of the Treasury.
