Donald Trump’s cabinet is starting to take shape, with reports suggesting that Scott Bessent is likely to be named as Treasury secretary. Bessent, who runs the hedge fund Key Square Group and advised Trump during his campaign, is seen as the top choice for the role. If confirmed, he will be responsible for implementing Trump’s economic promises, including extending tax cuts.
Bessent has advocated for tax reform and deregulation to boost bank lending and energy production, as noted in a recent opinion piece. He would join other financial leaders in the position, such as former Goldman Sachs executives.
Meanwhile, Trump plans to fire the team of prosecutors who helped bring cases against him for alleged election interference. This move comes as Smith, the special counsel to the Department of Justice, announced his resignation.
In other news, a 1907 law making adultery a crime in New York has been repealed, with the state governor calling it “silly” to have such a rule in place. Additionally, Trump’s pick for “border czar” has issued a warning to cities refusing to assist in deportations, urging them to either help or get out of the way.
On the political front, Matt Gaetz, who withdrew from consideration for US attorney general, has joined the Cameo app, while Marjorie Taylor Greene is set to lead a new House subcommittee working with Elon Musk and Vivek Ramaswamy. Finally, Kelly Loeffler is expected to be offered the position of agriculture secretary by Trump.
Source
Photo credit www.theguardian.com
