‘Huge relief.’ CEOs exhale after Trump taps Scott Bessent to lead Treasury ...Middle East

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‘Huge relief.’ CEOs exhale after Trump taps Scott Bessent to lead Treasury
By Matt Egan, CNN New York (CNN) — 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, a key position that will face almost immediate deadlines and pressures. Bessent’s pedigree as a global investor who has worked with legendary money managers, and his history of supporting both Republicans and Democrats, have eased the worries of business leaders. “There’s huge relief,” said Jeffrey Sonnenfeld, founder and president of the Yale Chief Executive Institut

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