Trump Names Scott Bessent as Treasury Secretary, Highest-Ranking Openly Gay Cabinet Nominee

President-elect Donald Trump's historic pick of hedge fund manager Scott Bessent sparks mixed reactions, including from MSNBC anchor Jonathan Capehart.

Scott Bessent, a hedge fund manager and founder of Key Square Group, has been nominated by President-elect Donald Trump to serve as Treasury Secretary.
If confirmed, Bessent would become the highest-ranking openly gay official ever appointed and confirmed to a U.S. Cabinet position.
MSNBC anchor Jonathan Capehart expressed being 'conflicted' over the nomination, acknowledging its historic significance but noting it was made by Trump.
Wall Street responded positively to the announcement, with the Dow Jones Industrial Average rising over 300 points and the S&P 500 reaching a record high.
Bessent, a former money manager for George Soros, has publicly supported Trump's pro-tariff policies and aligns with the 'America First' agenda.