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What Trump’s Treasury Pick Thinks About Taxes, the Markets and More
News November 25, 2024 at 12:08 PM
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What You Need To Know
- Scott Bessent, who leads hedge fund Key Square, wants to renew the '17 tax cuts and loosen regulations.
- He also wants tariffs, a shadow chair for the Federal Reserve and maybe a weaker dollar.
- He’s said Trump will aim to shrink federal budget deficits to 3% of gross domestic product, from roughly 6.2% .
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