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"Scott Bessent spent the past 40 years studying economic history. Now, as Donald Trump's choice to lead the Treasury Department, he has the chance to make his mark on it.
As a hedge-fund manager, first at George Soros's firm and later at his own, Bessent specialized in macroinvesting, or analyzing geopolitical situations and economic data to wager on big-picture market moves. He generated billions of dollars in profits betting on and against currencies, interest rates, stocks and other asset classes around the world."
"Leading House Republicans on banking issues called on the Federal Deposit Insurance Corp. to withdraw its brokered deposit proposal, previewing part of the GOP's bank regulatory agenda in the next Congress.
Reps. Andy Barr, R-Ky., and French Hill, R-Ark., both leading contenders to be the chairman of the House Financial Services Committee next year, asked that FDIC Chair Martin Gruenberg abandon the brokered deposit rulemaking, which would reverse a more bank-friendly rule issued during the first Trump administration."
"Senator John Cornyn (R-Texas) will be a part of the newly-formed Senate DOGE Caucus, designed to find and eliminate governmental waste.
The caucus, led by Sen. Joni Ernst (R-Iowa), will work with the Trump administration's Department of Government Efficiency, which is helmed by Elon Musk and Vivek Ramaswamy."
"President-elect Trump announced his nomination of former NFL star Scott Turner for Secretary of the Department of Housing and Urban Development on Friday.
'I am pleased to nominate Scott Turner, from the Great State of Texas, as the Secretary of the United States Department of Housing and Urban Development (HUD),' Trump wrote in a press release."
"Russell Vought, a prominent contributor to the Heritage Foundation's Project 2025, will return as director of the Office of Management and Budget in Donald Trump's second administration, the president-elect announced Friday.
Vought will lead the powerful office tasked with reviewing federal regulations and developing the president's budget, Trump said in a post on his social media platform."