in

What Scott Bessent’s appointment means for the Trump administration

At last, white smoke has emerged from Mar-a-Lago. Two and a half weeks after the election and more than a week since it first seemed as if an announcement about a choice of treasury secretary was coming, Donald Trump has finally made his decision. On November 22nd the campaign said that Scott Bessent, a hedge-fund titan, would command 1500 Pennsylvania Avenue. Both the appointment of Mr Bessent, and the manner in which he was picked, offer clues about economic policy during a second Trump term.

Source: Finance - economist.com

Brazil freezes spending at $3.33 billion to comply with fiscal rules

Data centers powering artificial intelligence could use more electricity than entire cities