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Donald J. Trump appointee-turned-critic Anthony Scaramucci is praising the President-elect’s economic team, especially his picks to lead the Treasury Department, National Economic Council (NEC), and Securities and Exchange Commission (SEC). Since his landslide election victory in November, President-elect Trump has rolled out a formidable group of nominees tasked with rebuilding the American economy, tapping macro fund manager Scott Bessent to serve as Treasury Secretary, Kevin Hassett to lead the NEC, Paul Atkins as the SEC chief, Michael Faulkender as Deputy Treasury Secretary.
“Scott Bessent (Treasury), Kevin Hassett (NEC), Paul Atkins (SEC), Michael Faulkender (Deputy Treasury). Have to admit Trump is cooking with his economic team so far,” Scaramucci wrote in a post on X (formerly Twitter).
Scott Bessent (Treasury), Kevin Hassett (NEC), Paul Atkins (SEC), Michael Faulkender (Deputy Treasury). Have to admit Trump is cooking with his economic team so far.
— Anthony Scaramucci (@Scaramucci) December 4, 2024
Bessent, 61, was an early Trump backer, donating a million dollars to his 2016 presidential campaign. He has helped raise nearly $60 million for Trump since. Bessent was an integral figure in monetary markets in the 1990s and early 2000s. Serving as Bessent’s number two will be Michael Faulkender, a dean and professor of finance at the University of Maryland, who served as the Assistant Secretary of the Treasury for Economic Policy under Trump’s former Treasury Secretary Steven T. Mnuchin.
Meanwhile, Hassett served as a White House Senior Advisor and Chairman of the Council of Economic Advisers from 2017 to 2019 in the previous Trump administration. Paul Atkins, Trump’s choice to lead the SEC, is co-chair of the Token Alliance—an industry group that advocates on behalf of cryptocurrencies—and served on the commission from 2002 until 2008.
A prominent critic of Trump, Scaramucci briefly served as his White House Director of Communications, holding the post for just 10 days in July 2017. On July 31, 2017, Scaramucci was dismissed from the White House communications team after he smeared several senior members of Trump’s staff, including former Chief of Staff Reince Priebus and chief strategist Stephen K. Bannon, in an interview with journalist Ryan Lizza. Scaramucci claims he thought the conversation was “off the record.”
Image by Jolanda Flubacher.
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Donald J. Trump appointee-turned-critic Anthony Scaramucci is praising the President-elect’s economic team, especially his picks to lead the Treasury Department, National Economic Council (NEC), and Securities and Exchange Commission (SEC). Since his landslide election victory in November, President-elect Trump has rolled out a formidable group of nominees tasked with rebuilding the American economy, tapping macro fund manager Scott Bessent to serve as Treasury Secretary, Kevin Hassett to lead the NEC, Paul Atkins as the SEC chief, Michael Faulkender as Deputy Treasury Secretary.
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