Trump Transition Live Updates: Scott Bessent, Hedge Fund Manager, Is Choice for Treasury

Where Things Currently stand

Selecting Scott Bessent on Friday to serve as Treasury secretary, President-elect Donald J. Trump chose a wealthy hedge fund manager to spearhead an economic program predicted to be centered on tax cuts and tariff increases. See more >>

Mr. Trump also said he wanted Russell T. Vought, a major player in the conservative government blueprint known as Project 2025, to run the Office of Management and Budget. As his labor secretary, he also mentioned selecting Representative Lori Chavez-DeRemer of Oregon, who recently lost her re-election campaign.

Friday's postponing of Mr. Trump's sentence in his Manhattan criminal case by a New York judge confirmed that the president-elect would not be sentenced on Tuesday as originally scheduled. Juan M. Merchan, the judge, has not decided on whether to dismiss the matter completely or freeze it for four years while Mr. Trump is in office. Explore further.