Here's what to know about the Treasury secretary pick Bessent, who beat out a crowded field including former Fed official Kevin Warsh and billionaire Marc Rowan.

WASHINGTON -- Trump says he will nominate former George Soros money manager Scott Bessent to lead the Treasury Department.

Scott Bessent was one of George Soros’ right-hand men when the liberal billionaire bet against the pound on Black Wednesday.Mr Bessent, then in his early 30s, was part of one of the most famous trades in history and helped net the Soros Fund some $1.