Bessent to be Treasury Nominee, Trump Taps Turner for HUD

National Mortgage News, November 22, 2024-Kyle Campbell
President-elect Donald Trump announced two cabinet nominations Friday evening that will shape his administration’s financial policies.

Trump tapped Scott Bessent, a billionaire donor and founder of the hedge fund Key Square Group, to lead the Treasury Department.

Trump also announced that he would nominate Scott Turner, a former congressman from Texas and a one-time National Football League player, to lead the Department of Housing and Urban Development.

Banking groups were quick to celebrate both picks on Friday evening. (MBA mention)

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