WASHINGTON— Today, The Heritage Foundation congratulated Scott Bessent, founder of Key Square Group, on his appointment as secretary of the Treasury in President-elect Donald Trump’s upcoming administration. 

Heritage President Dr. Kevin Roberts said: 

“Scott Bessent’s appointment as Treasury secretary is a tremendous step toward restoring fiscal responsibility and advancing President Trump’s America First agenda. As an economic historian from the private sector, Bessent understands the lessons of the past—what works, what doesn’t—and pairs that knowledge with real-world experience on how to restore the foundations of a flourishing and prosperous nation. This is all too rare in Washington. 

 

"By contrast, Janet Yellen’s tenure proves that the D.C. cartel’s central planners do not know how to manage the economy. She has left Treasury markets in chaos, subordinated them to woke political whims, and saddled the country with a debt and deficit crisis that will take extraordinary leadership to fix. Scott knows that the foundation of a strong economy is a strong family. He is fully committed to the America First agenda to return power to hard-working families, and he understands the stakes. Fixing the debt and deficit crisis and reining in the runaway interest on our national debt won’t be easy, but Scott is a perfect addition to the team that will restore our republic. This is a big win for President Trump’s administration and for the American people."