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How Scott Bessent became Trump's treasury secretary from Democrat donor

Business Standard LogoBusiness Standard5h ago

How Scott Bessent became Trump's treasury secretary from Democrat donor - Business Standard

Quick Summary:

The selection caps an extraordinary career arc for an investor who was once a protégé of the liberal billionaire philanthropist George Soros and who gave money to top Democrats including Hillary Clinton, John Kerry and Barack Obama.  “He was very supportive of the causes and the people that we supported,” said Will Trinkle, a Democrat who co-hosted the event with Gore.

By then, Bessent had become a major donor to Republican candidates.  According to a summary of his donations provided by his office, Bessent has given about $15 million to political causes and all but $300,000 has gone to Republicans.

As Trump was making his decision, sceptics of Bessent raised concerns about his ties to Soros and suggested that he was not a true believer in tariffs.


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Category: BusinessFinance

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-24 @ 23:18:37 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 843 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23801295

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Official Website: business-standard.com

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