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Trump’s Treasury Pick Bessent to Sell Assets to Prevent Conflicts

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FEATURED ARTICLE

Trump Treasury pick Bessent to divest assets to avoid conflicts

Scott Bessent, the investor selected by President-elect Donald Trump to be his Treasury secretary, will divest from his Key Square Group hedge fund and other investments, according to a letter to the Treasury Department’s ethics office.

Bessent outlined the steps he would take to “avoid any actual or apparent conflict of interest in the event that I am confirmed for the position of Secretary of the Department of Treasury,” according to the letter.

The money manager, tapped by Trump on Nov. 23 to be the top U.S. economic policymaker, said he would resign from his position in Bessent-Freeman Family Foundation.

He also plans to shutter Key Square Capital Management, the investment firm he founded, according to the New York Times, which first reported Bessent’s divestments

 .... Read More >>

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