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WASHINGTON — President-elect Donald Trump picked Scott Bessent to serve as Treasury secretary Friday, tapping a billionaire hedge fund manager to lead an economic agenda that is expected to be built around raising tariffs and cutting taxes. Bessent, the founder of the investment firm Key Square Capital Management, has emerged as a central economic adviser to Trump over the past year. He has called for rolling back government subsidies, deregulating the economy and raising domestic energy production. Unlike many on Wall Street, Bessent, 62, has also defended the use of tariffs, which are Trump’s favorite economic tool. “Scott is widely respected as one of the World’s foremost International Investors and Geopolitical and Economic Strategists,” Trump said in a statement posted on social media. “Scott’s story is that of the American Dream.” “Together, we will Make America Rich Again, Prosperous Again, Affordable Again, and most importantly, Great Again,” Trump said. Although Bessent’s policy ideas are in lockstep with conservative economic principles, one aspect of his background could draw questions from Republicans. He rose to prominence in the finance world as a protégé of George Soros, a billionaire Democratic donor and longtime villain of the right wing, and served for years as his top money manager. Related Story: The selection came after intensive deliberation by Trump and his advisers, who debated for weeks about who should win the most prominent economic job in his administration. Bessent and Howard Lutnick, the CEO of Cantor Fitzgerald, tussled over the job before Lutnick was picked to be commerce secretary this week. Trump also considered tapping Kevin Warsh, a former Federal Reserve Board governor, and Marc Rowan, the CEO of Apollo Global Management, for the role. If confirmed by the Senate, Bessent would take over a department with vast responsibilities that is at the core of the federal government. The Treasury Department issues debt to fund the government’s operations and pay its bills, including paying Social Security and veterans benefits. But the most visible parts of Bessent’s job will be shepherding the administration’s tax plans through Congress, leading economic negotiations with China and overseeing the nation’s sanctions program. — This article originally appeared in . By Alan Rappeport and Maggie Haberman c.2024 The New York Times CompanyThe Indiana vs. Notre Dame matchup in the first round of the College Football Playoff is the most expensive ticket on StubHub, but it's Tennessee vs. Ohio State that's selling the fastest. StubHub spokesperson Adam Budelli said Monday that the game being hosted in Columbus, Ohio, on Dec. 21 has sold 34% more tickets than the game in South Bend, Indiana, on Dec. 20. “The expanded college football playoffs are seeing early high demand, especially as we see new teams enter the competition for the first time,” Budelli said. StubHub lists tickets for sale from official event organizers, but most of its offerings are from the resale market. Here's the ticket marketplace's average CFP first-round prices as of Monday evening: 1. Indiana at Notre Dame — $733 2. Clemson at Texas — $518 3. Tennessee at Ohio State — $413 4. SMU at Penn State — $271 Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballsuper game free 。

What to know about the Supreme Court’s latest culture war fight: Transgender careThe Government of Guyana in 2023 commenced talks with US-headquartered Citibank and other international financial institutions. On Thursday, Vice President Dr Bharrat Jagdeo noted that while Citibank has closed several Latin American branches to reduce risks, it is still open to establishing an office in Guyana. “They are still open to a representative office here in Guyana which would allow them to be able to provide loans to Guyanese businesses,” he said, noting that “discussions are ongoing.” The VP said there is need for more retail banking in Guyana. As such, he said a meeting will be scheduled with the current commercial banks to “deepen the financial sector.” “We are hoping to see more retail banking in Guyana from the large banks...We will work with the local players. We’d have to then try to get new entrants into the market,” he said. Jagdeo noted that as Guyana transitions to a more digital society, with advancements in biometrics and e-banking, he is optimistic that credit intermediations will improve in the future. Citibank is the consumer division of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York and later became the First National City Bank of New York.

LOS ANGELES — Southern California’s notorious Santa Ana winds were predicted to return Monday night and utilities said they are prepared to cut power to hundreds of thousands of customers in areas where strong gusts could damage electrical equipment and spark wildfires. The National Weather Service issued a red flag warning for high fire risk with a rare “particularly dangerous situation,” or PDS, designation starting at 8 p.m. Monday into Tuesday for Los Angeles and Ventura counties. The last time PDS red flags went up was the first week of November, when powerful, dry winds fed the Mountain Fire, which destroyed at least 240 buildings, mostly homes, in Ventura County. Before that, a PDS red flag warning hadn’t been issued for the region since 2020. “This event has the potential to be as strong as the November 5th-6th Santa Ana event that led to the Mountain Fire,” the weather service office for Los Angeles said Sunday on social media. Southern California Edison said it was considering targeted power shut-offs for more than 250,000 homes and businesses across seven counties starting Monday evening. Meanwhile San Diego Gas & Electric said it has notified nearly 117,500 customers that they might temporarily lose service to reduce the chance of wildfires. Santa Anas are dry, warm and gusty northeast winds that blow from the interior of Southern California toward the coast and offshore. They typically occur during the fall months and continue through winter and into early spring. In Northern California, the weather service said chances were increasing for an “impactful rainfall event” late in the week for the San Francisco Bay Area.

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The Indiana vs. Notre Dame matchup in the first round of the College Football Playoff is the most expensive ticket on StubHub, but it's Tennessee vs. Ohio State that's selling the fastest. StubHub spokesperson Adam Budelli said Monday that the game being hosted in Columbus, Ohio, on Dec. 21 has sold 34% more tickets than the game in South Bend, Indiana, on Dec. 20. “The expanded college football playoffs are seeing early high demand, especially as we see new teams enter the competition for the first time,” Budelli said. StubHub lists tickets for sale from official event organizers, but most of its offerings are from the resale market. Here's the ticket marketplace's average CFP first-round prices as of Monday evening: 1. Indiana at Notre Dame — $733 2. Clemson at Texas — $518 3. Tennessee at Ohio State — $413 4. SMU at Penn State — $271 Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football