George Soros has been bearish on China and his disciple Scott Bessent is likely to break with Biden’s engagement policies, observer says.

WASHINGTON -- Trump says he will nominate former George Soros money manager Scott Bessent to lead the Treasury Department.

Scott Bessent is a billionaire hedge fund manager and an advocate for deficit reduction. He had worked for macro investment billionaire George Soros and noted short seller Jim Chanos.

Scott Bessent was one of George Soros’ right-hand men when the liberal billionaire bet against the pound on Black Wednesday.Mr Bessent, then in his early 30s, was part of one of the most famous trades in history and helped net the Soros Fund some $1.

U.S. president-elect Donald Trump announced Friday that he'll nominate former George Soros money manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary.

Scott Bessent, who prevailed after an intense lobbying effort by his allies, emerged over the past year as a trusted Trump adviser.

The Treasury Secretary is a high-level Cabinet position charged with advising the president on matters related to financial, economic and tax policy.

President-elect Donald Trump has picked Scott Bessent, a hedge fund manager and major Trump fundraiser, to be his next Treasury secretary, people familiar with the decision said. Bessent, who has been among Trump’s biggest allies on Wall Street,

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