You know what that is.

An ice cold beer.

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It's Budweiser, a perfect beer for party season.

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Please drink responsibly.

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I'm Taylor Riggs, and this is the Fox Business Rundown. Monday, November 25th, 2024.

President elect Trump has nominated hedge fund founder and CEO Scott Besant as his next administration's U.S. Treasury Secretary.

He's a free market guy, and I think this signals that we're going to have less onerous regulation on our businesses, more open capital markets, more job opportunities for Americans.

But again, it's not going to be an easy job.

After reports of tight competition to lead the next department of the Treasury, on Friday, President-elect Trump finally announced his pick would be Key Square Capital

Management, founder and CEO, Scott Besson. In his announcement, Trump praised Besson as,

quote, a strong advocate for the America First Agenda, who will help bring about the golden

age for the United States by focusing on revitalizing the economy

and preserving the dollar. Besson became a somewhat recurring guest on the campaign trail

as he lent the campaign some Wall Street support and defended the aggressive tariff plans

laid out by the president-elect.

Reporting also tells us that Besson has recommended Trump pursue a 3-33 policy in which the administration would prioritize, cutting the budget deficit to 3% of GDP by the end of his term,

...