Washington, D.C. — Former President Donald Trump has revealed two major picks for his potential Cabinet, nominating Scott Bessent as Secretary of the Treasury and Rep. Lori Chavez-DeRemer as Secretary of Labor. The announcements mark significant steps in assembling his team as he prepares for a possible second term.
Scott Bessent, a billionaire hedge fund manager and founder of Key Square Group, is widely recognized for his financial acumen and expertise in economic strategy. Having previously served as chief investment officer for Soros Fund Management, Bessent has voiced strong support for deregulation and reducing the federal deficit. His nomination underscores Trump’s focus on fostering economic growth and stability through market-driven policies.
Rep. Lori Chavez-DeRemer, a Republican congresswoman from Oregon, has been selected to lead the Department of Labor. Known for her advocacy for workforce development, Chavez-DeRemer has worked on bipartisan initiatives aimed at improving workers’ rights and supporting small businesses. Her nomination has already garnered praise from labor unions for her backing of the PRO Act, a bill aimed at strengthening collective bargaining rights.
These nominations are part of Trump’s broader efforts to build a team that aligns with his policy goals. Alongside these announcements, Trump has also named Russell Vought as the nominee for the Office of Management and Budget and Dr. Janette Nesheiwat for Surgeon General, signaling his priorities for economic reform and healthcare.
The nominees will face Senate confirmation hearings, where their qualifications and policy approaches will be closely examined. Trump’s team aims to expedite the process to ensure swift action in the event of his return to office.
Stay tuned for updates on the confirmation process and Trump’s evolving Cabinet selections as his administration takes shape.