Donald Trump has nominated Scott Bessent to lead the US Treasury Department, a post with wide oversight of tax policy, public debt, international finance and sanctions.
The selection ends what has proven to be one of the more protracted decisions for the president-elect as he assembles his team for a second term.
Bessent, a Wall Street financier who once worked for George Soros, was an early backer of Trump's 2024 bid and would bring a relatively conventional resume to the role.
On the campaign trail, he told voters that Trump would usher in a "new golden age with de-regulation, low-cost energy, [and] low taxes".