Business leaders say they are relieved ­President-elect Donald Trump made a safe choice to lead the Department of Treasury after more unconventional selections to other cabinet posts. Hedge fund executive Scott Bessent survived an internal squabble over the role of Treasury secretary,

Bessent of the Key Square Group is considered a more market-oriented type that advocates deregulation and the development of the economy. Consistent with Trump's economic policy direction, his other positions include the gradual introduction of tariffs and standing down on regulations,

President-elect Trump's nominee to serve as Treasury secretary, Scott Bessent, has a 3-3-3 plan that aims to curb budget deficits while spurring economic growth and energy production.

Investors seemed to signal their approval for Scott Bessent as a safe choice to implement the president-elect’s economic agenda.

Fox News national correspondent Bryan Llenas reports on nominee Scott Bessent’s agenda as Treasury secretary under President-elect Donald Trump on ‘Special Report.’

Bessent spent his career in finance and gives Wall Street an advocate for tax reform and deregulation. Some call his nomination a 'relief' and say it could reduce the chance of severe tariffs.

Fmr. CEA Chair Jason Furman joins Andrea Mitchell to analyze Trump’s choice of Scott Bessent to be the next Treasury Secretary. Furman emphasizes Bessent’s Wall Street background and lack of government experience as defining elements of his nomination.