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Reason
Reason
Liz Wolfe

RARE PHOTOS: Betting on bessent | Vintage Vibes

Scott Bessent Donald Trump Palmer Luckey United States Georgetown

Houston, we have a Treasury secretary: President-elect Donald Trump announced billionaire financier Scott Bessent as his pick for secretary of the Treasury. Markets have responded well to that.

Journalist Mary Katharine Ham recently likened hearing about Trump's Cabinet picks to the experience of an edible hitting. ("For a little while you're OK. And then you're like, 'Ooh, there it is.'"). I think this is 100 percent accurate, but Bessent is at least widely regarded as a smart pick.

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