On Sunday, President Donald Trump announced that the United States Treasury will stop minting new pennies, amidst concerns regarding the cost of doing so.
As Axios reports, the president made the announcement on his Truth Social account, declaring that he had ordered newly-confirmed Treasury Secretary Scott Bessent to “stop producing new pennies.”
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The Senate voted to confirm investor and billionaire hedge fund manager Scott Bessent to serve as President Donald Trump’s Treasury Secretary in a bipartisan fashion Monday evening.
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Treasury secretary nominee Scott Bessent turned the tables on independent Vermont Sen. Bernie Sanders at his Thursday confirmation hearing by pointing out that President Joe Biden awarded “oligarchs” with the highest honor.
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One of Donald Trump’s closest advisers Boris Epshteyn solicited political candidates, a defense contractor and at least one potential Cabinet nominee for lucrative consulting contracts at the same time he was being paid by the Trump campaign and advising the President-elect on legal matters, nominations and political communications, according to interviews and documents reviewed by Just the News. One of those who was pitched by Epshteyn for both a consulting contract and an investment opportunity was Scott Bessent, the hedge fund manager named Friday night by Trump as his nominee for Treasury Secretary. Bessent rejected the overtures and eventually, when asked, reported concerns about them to the Trump transition team, including Vice President-elect J.D. Vance.
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President-elect Donald Trump on Friday nominated Key Square Capital Management founder and hedge fund manager Scott Bessent as Treasury Secretary.
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President-elect Donald Trump is reportedly expected to nominate Cantor Fitzgerald CEO Howard Lutnick as Commerce secretary, according to several news reports Tuesday morning.
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Scott Bessent, billionaire investor and founder of Key Square Capital Management Fund, joined Wednesday’s edition of The Tennessee Star Report with Michael Patrick Leahy to discuss how the stock market’s rally coincides with former President Donald Trump being ahead in the 2024 presidential election polls.
In a letter to investors, which was recently leaked to Bloomberg, Bessent’s Key Square Capital Management Fund said it believes that equity markets are “in the midst of a ‘Trump Rally’ that will last as long as he remains ahead of Biden in the polls.”
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