India, Nov. 24 -- President-elect Donald Trump picked billionaire hedge fund manager Scott Bessent as his choice for the secretary of the United States Treasury.

In a statement, Trump hauled Bessent, a financial advisor and significant contributor to Trump's 2024 presidential campaign, as "one of the world's foremost international investors and geopolitical and economic strategists."

Trump expressed his unwavering backing for the America First agenda and called Bessent's journey "the American dream." On the occasion of America's 250th anniversary, Trump said that Bessent would assist the United States enter a new era by strengthening its position in the global economy and guaranteeing that the dollar would continue to be the world's res...