Business leaders say they are relieved ­President-elect Donald Trump made a safe choice to lead the Department of Treasury after more unconventional selections to other cabinet posts. Hedge fund executive Scott Bessent survived an internal squabble over the role of Treasury secretary,

Scott Bessent, Donald Trump's pick for Treasury Secretary, is a veteran Wall Street executive who advised Trump during his presidential campaign and has praised his economic agenda of tariffs, lower taxes,

Bessent, founder and CEO of hedge fund Key Square Group, served as an economic adviser to the Trump campaign, often appearing on financial talk shows to argue in favor of the president-elect's economic policies.