Hedge fund billionaire makes bid for major role in Trump's cabinet

A billionaire hedge fund boss is positioning himself to become Donald Trump's Treasury Secretary. Scott Bessent - who previously served as an economic adviser to Trump - is currently vetting potential candidates for a deputy role, The Financial Times reported. The news comes the day after JPMorgan CEO Jamie Dimon, often called America's most powerful banker, ruled himself out of consideration for the role. Although Bessent hasn't confirmed an interest in joining Trump's cabinet, he hinted at his willingness on Wednesday.
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Hedge fund billionaire makes bid for major role in Trump's cabinet