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President-elect Donald Trump namedhedge fund mogul Scott Bessentas the next Treasury secretary on Friday, ending a rough-and-tumble race that saw fierce jockeying among power players across Wall Street.

I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States, Trump wrote in his announcement, posted on Truth Social.

Scott is widely respected as one of the World’s foremost International Investors and Geopolitical and Economic Strategists, the president-elect said of this Treasury pick.

Bessent “got the thumbs up” late Thursday during a meeting with Trump, 78, at his Mar-a-Lago resort in Palm Beach, Fla., one source close to the situation told The Post.

A flurry of last-minute media reports had floated several candidates for the job. Late Thursday, the Wall Street Journal reported that financier Kevin Warsh had met with Trump on Wednesday about the Treasury post — and possibly replacing Jerome Powell as Fed chairman when his term expires in 2026.

Trump also met about the Treasury role with Marc Rowan, the billionaire boss of buyout firm Apollo Global Management, at Mar-a-Lago earlier this week.

Bessent, the 62-year-old founder of Key Square Group, has repeatedly backed the president-elects pro-tariff stance in a series of op-eds and media appearances over the past year.

Scott’s story is that of the American Dream, Trump said Friday, noting that Bessent has long been a strong advocate of the America First Agenda.

On the eve of our Great Country’s 250th Anniversary, he will help me usher in a new Golden Age for the United States, as we fortify our position as the World’s leading Economy, Center of Innovation and Entrepreneurialism, Destination for Capital, while always, and without question, maintaining the U.S. Dollar as the Reserve Currency of the World, he added.

Unlike in past Administrations, we will ensure that no Americans will be left behind in the next and Greatest Economic Boom, and Scott will lead that effort for me, and the Great People of the United States of America.

A source close to the Trump transition team told the Post earlier on Friday that the hedge fund executive was “being vetted” for the role ahead of a formal announcement.

“If you want to bring a genius into that job who is loyal to the president, Scott is the right guy,” one source close to the situation said.

One faction of Trump World had been pushing for Bessent for weeks, trying to outmaneuver Howard Lutnick — the CEO of Cantor Fitzgerald and co-chair of Trump’s transition team — in what had reportedly escalated into a bitter “knife fight” for the coveted role.

One insider, speaking on condition of anonymity, said Lutnick, a fundraiser for Hillary Clinton during the 2016 election, was eventually handed the post of Commerce Secretary “to calm things down.”

After Lutnick exited the Treasury race, sources said Trump continued to do interviews to hash out his options. Bessent and Rowan were both spotted at Mar-a-Lago on Wednesday.

“All the top investors and hedge funds said Scott Bessent is their number one pick because of his understanding of macroeconomics,” said one veteran Wall Street insider.

A source briefed on Rowan’s interview, meanwhile, said the 62-year-old was “an anti-tariff guy and that was a non-starter for the president.”

Another staunch Trump loyalist and major donor, billionaire hedge fund boss John Paulson, ruled himself out of an administration post just one week after the Nov. 5 election.

A native of South Carolina, Bessent previously served as chief investment officer for George Soros and was instrumental in the Hungarian-born money man’s “Black Wednesday” trade in 1992.

The bet against the British pound “broke the Bank of England”, raking in an eye-watering $1 billion payday for Soros that cemented his reputation as a titan of global finance.

Writing in the Wall Street Journal earlier this month, Bessent said Trump’s second presidential term would usher in “a revitalized economy for all Americans.”

Bessent also lashed out at the Biden-Harris administration for presiding over four years of “reckless spending” that has seen Uncle Sam’s debt pile hit an eye-watering $35 trillion this year.

“The Biden administrations mismanagement has created serious challenges that Mr. Trump will need to overcome,” Bessent stated in the Nov. 10 op-ed, adding that Trump “has a mandate to re-privatize the US economy through deregulation and tax reform to spur the supply-side growth that he delivered in his first term.”

Large parts of Trump’s 2017 tax cuts expire next year, giving Bessent the chance to help shape fiscal policy under the incoming commander-in-chief.

My Administration will restore Freedom, Strength, Resilience, and Efficiency to our Capital Markets, Trumps announcement continued. We will reinvigorate the Private Sector, and help curb the unsustainable path of Federal Debt.

As a lifelong Champion of Main Street America and American Industry, Scott will support my Policies that will drive U.S. Competitiveness, and stop unfair Trade imbalances, work to create an Economy that places Growth at the forefront, especially through our coming World Energy Dominance, he added. Together, we will Make America Rich Again, Prosperous Again, Affordable Again, and, most importantly, Great Again!

The president-elect has already tapped Tesla titan Elon Musk and biotech entrepreneur Vivek Ramaswamy to lead a new Department of Government Efficiency and tighten up the federal government’s purse strings.

Diana Glebova contributed reporting.

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Meticulous planning and soft power: How Starmer secured wins for the UK at Trump meeting

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Inside the Oval Office with Donald Trump and Keir Starmer

“Relieved is an understatement”.

That’s how one senior government figure described their mood as the prime minister, his foreign secretary and the Number 10 team left the White House having cemented Sir Keir and President Trump’s personal relationship; secured a commitment to NATO; the prospect of a trade deal that could spare the UK from tariffs and the presidential nod on the Chagos deal.

That gives you a sense of just how much was at stake going into talks with a president that has heaped criticism on many old allies in recent weeks.

That the Starmer-Trump meeting went as well as it did is proof, say those around the prime minister, of how much legwork and meticulous planning has gone into pulling it off.

The work began in opposition with Keir Starmer calling President Trump after the assassination attempt, while his foreign secretary courted vice president JD Vance.

There was the dinner in Trump Tower in September and, ever since then a prime minister who has swerved any personal or public criticism of the president.

When the visit was confirmed, the Number 10 team war-gamed all the possibilities with the prime minister, I’m told, going through all the detail and planning with aides to “make the most of the visit”.

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They came out feeling that all the pieces fell into place with wins for the UK on trade and a “special” Keir Starmer coming through talks with President Trump that you could have a positive relationship with President Trump.

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‘I have a warm spot for the UK’

There were a few factors that helped the prime minister.

The first was the president’s genuine love for the UK and Sir Keir’s team’s understanding that President Trump is driven by personal relationships.

Get that right and much of the rest falls into place, say those who have seen him up close.

Sir Keir Starmer, the ponderous lawyer, has I’m told also built a genuinely warm relationship with President Trump: “They genuinely like each other and find each other easy to speak to,” is how one observer put it.

Then came the deployment of soft power.

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A panel of Sky reporters dissect the trans-Atlantic meeting.

I was in the Oval Office when the prime minister procured a personal letter from his jacket pocket from the King inviting President Trump for a second state visit.

Mr Trump was genuinely delighted as he read the letter, marvelled at King Charles’s signature and pointed out that this was the first time in history that anyone had been afforded such an “incredible” honour.

The prime minister also brought something to the table for a president that loves a deal.

The decision to lift defence spending to 2.5% of GDP by 2027 went down extremely well on Capitol Hill with Republicans and signalled to President Trump that the UK was an ally that had heeded his message on defence spending.

There were wins too.

Keir Starmer’s deal to transfer sovereignty over the Chagos Islands, where the US has a critical military base, to Mauritius, was backed by President Trump, a hugely welcome moment for a PM who has been heavily criticised about the deal back home.

And when I asked the president about his sharp remarks on EU tariffs – he said the union had been constructed to “screw” the US on trade – he told me he’d been having problems with the EU bit was in a “very different place” with the UK.

“I have a great warm spot for your country,” President Trump told me before the talks.

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An ‘intense session’ but ‘pretty good outing’

Afterwards, he told reporters at the press conference in the East Wing of the White House that there was a “very good chance” of a trade deal in which tariffs were not necessary.

Of course, there is a long way to go, but against a backdrop of a president threatening tariffs on a number of countries, that was a big win for the PM.

But if going out of this short visit was a story of trade, going into it was a focus on security guarantees for Ukraine.

Sir Keir said securing a backstop for European peacekeepers in Ukraine is the only way to contain President Putin.

Read more:
Starmer contradicts Vance over free speech claim
Read some of Trump’s letter from King Charles
Top five moments from Trump-Starmer press conference

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‘What a beautiful accent’

On this, President Trump was rather more noncommittal, stressing that the priority was to do the deal first and that the mineral agreement he is poised to sign with President Zelenskyy on Friday should be deterrent enough.

On Sunday, the PM will host 18 leaders in London to discuss what to do next.

Ultimately, Europe will need to know that the US has its back on Ukraine – the PM didn’t come away from the Trump meeting assured of that yet.

Although, the message for more NATO investment was heard loud and clear again, with an expectation from the British camp that more commitment on defence spending from Europe will be required by President Trump as part of any backstop deal.

What is clear coming out of this meeting is that Sir Keir and the UK could genuinely become the bridge between the US and Europe as the deteriorating relationship between Brussels and Washington offers Sir Keir the opportunity to take the centre stage.

After a bumpy start to his premiership, the prime minister has found in his endeavour on Ukraine, a means to show leadership – and perhaps a way to win doubtful voters back around.

He has managed to find a way with President Trump. Sunday’s summit is his next test as he brings together President Zelenskyy with fellow European leaders to try to hammer out a plan to support any peace deal.

Starmer was an unlikely war footing leader.

But he is finding a way.

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FBI most wanted drug lord among 29 cartel figures sent from Mexico to US as Trump turns up pressure on organisations

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FBI most wanted drug lord among 29 cartel figures sent from Mexico to US as Trump turns up pressure on organisations

Mexico has sent 29 drug cartel figures, including a most wanted drug lord, to the US as the Trump administration cranks up the pressure on the crime groups.

The early days of the new US president’s second term were marked by him triggering trade wars with his nearest allies, where he threatened to hike tariffs with Mexico, and Canada, insisting the country crack down on drug cartels, immigration and the production of fentanyl.

With the imposition of the 25% tariffs just days away, drug lord Rafael Caro Quintero, one of the FBI’s “10 most wanted fugitives”, was one of the individuals handed over in the unprecedented show of cooperation.

The FBI wanted posted for Rafael Caro Quintero.
Pic: AP/FBI
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The FBI wanted poster for Rafael Caro Quintero. Pic: AP/FBI

It comes as top Mexican officials are in Washington ahead of Tuesday’s deadline.

Those sent to the US on Thursday were rounded up from prisons across Mexico and flown to eight US cities, according to the Mexican government.

Prosecutors from both countries said the prisoners sent to the US faced charges including drug trafficking and homicide.

“We will prosecute these criminals to the fullest extent of the law in honour of the brave law enforcement agents who have dedicated their careers – and in some cases, given their lives – to protect innocent people from the scourge of violent cartels,” US attorney general Pamela Bondi said in a statement.

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‘Cartel kingpin’

Quintero was convicted of the torture and murder of US Drug Enforcement Agency (DEA) agent Enrique ‘Kiki’ Camarena in 1985.

The murder marked a low point in US-Mexico relations.

Quintero was described by the US attorney general as “a cartel kingpin who unleashed violence, destruction, and death across the United States and Mexico”.

After decades in jail, and atop the FBI’s most wanted list, he walked free in 2013 when a court overturned his 40-year sentence for killing Mr Camarena.

Rafael Caro Quintero.
Pic: Reuters/FBI
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Rafael Caro Quintero. Pic: Reuters/FBI

Quintero, the former leader of the Guadalajara cartel, returned to drug trafficking and triggered bloody turf battles in the northern Mexico state of Sonora until he was arrested a second time in 2022.

The US sought his extradition shortly after, but the request remained stuck at Mexico’s foreign ministry for reasons unknown.

President Claudia Sheinbaum’s predecessor and political mentor Andres Manuel Lopez Obrador severely curtailed Mexican cooperation with the DEA to protest undercover US operations in Mexico targeting senior political and military officials.

‘The Lord of The Skies’

Also sent to the US were cartel leaders, security chiefs from both factions of the Sinaloa cartel, cartel finance operatives and a man wanted in connection with the killing of a North Carolina sheriff’s deputy in 2022.

Vicente Carrillo Fuentes, a once leader of the Juarez drug cartel, based in the border city of Ciudad Juarez, across from El Paso, Texas, and brother of drug lord Amado Carrillo Fuentes, known as “The Lord of The Skies”, who died in a botched plastic surgery in 1997, was among those turned over to the US.

As were two leaders of the now defunct Los Zetas cartel, brothers Miguel and Omar Trevino Morales, who were known as Z-40 and Z-42.

The brothers have been accused of running the successor Northeast Cartel from prison.

Soldiers escort a man who authorities identified as Omar Trevino Morales, also known as Z-42.
Pic: AP/Eduardo Verdugo
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Soldiers escort a man who authorities identified as Omar Trevino Morales, also known as Z-42. Pic: AP/Eduardo Verdugo

Miguel Angel Trevino Morales after his arrest.
Pic: AP/Mexico's Interior Ministry
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Miguel Angel Trevino Morales after his arrest. Pic: AP/Mexico’s Interior Ministry

Vicente Carrillo Fuentes, the purported leader of the Juarez cartel, pictured after his arrest in 2014.
Pic: AP
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Vicente Carrillo Fuentes, the purported leader of the Juarez cartel, pictured after his arrest in 2014. Pic: AP

Trump-Mexico relations

The removal of the cartel figures coincided with a visit to Washington by Mexico’s foreign affairs secretary Juan Ramon de la Fuente and other top officials, who met with their US counterparts.

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Mr Trump has made clear his desire to crack down on drug cartels and has pressured Mexico to work with him.

The acting head of the DEA, Derek Maltz, was said to have provided the White House with a list of nearly 30 targets in Mexico wanted in the US on criminal charges and Quintero was top of the list.

It was also said that Ms Sheinbaum’s government, in a rush to seek favour with the Trump administration, bypassed the usual formalities of the countries’ shared extradition treaty in this incident.

This means it could potentially allow US prosecutors to try Quintero for Mr Camarena’s murder – something not contemplated in the existing extradition request to face separate drug trafficking charges in a Brooklyn federal court.

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Deaths of Gene Hackman and wife ‘suspicious enough’ to require ‘investigation’ – police warrant

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Deaths of Gene Hackman and wife 'suspicious enough' to require 'investigation' - police warrant

Hollywood legend Gene Hackman and his wife have been found dead, with authorities saying the couple had seemingly been deceased for some time when their bodies were discovered.

Hackman, 95, and his 63-year-old wife Betsy Arakawa were found dead in their New Mexico home on Wednesday, it was announced on Thursday. One of their pet dogs also died.

Santa Fe County Sheriff’s Office spokesperson Denise Avila said deputies found the bodies while carrying out a welfare check on Wednesday at around 1.45pm local time.

The actor’s body was discovered in a mudroom while Arakawa was found in a bathroom next to a heater, detectives from the sheriff’s office wrote in a search warrant.

Gene Hackman and wife Betsy Arakawa in 1991. Pic: Dave Lewis/Shutterstock
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Gene Hackman and Betsy Arakawa in 1991. Pic: Dave Lewis/Shutterstock

There were scattered pills and an open prescription bottle on a countertop near the 63-year-old.

There was no indication they had been shot and they had no other wounds, Ms Avila said. The warrant added the door to the property was found ajar and there were no signs of forced entry.

A German Shepherd was found dead in a bathroom closet near Arakawa, police added. Two healthy dogs were on the property.

The police have since said the deaths of Hackman and his wife are “suspicious enough in nature to require a thorough search and investigation”.

Preliminary findings from a medical investigation have found the couple suffered “no external trauma”.

Official results of post-mortem examinations and toxicology reports are pending and the manner and cause of death have not yet been determined, according to the Sheriff’s Office.

Santa Fe County deputies remain outside the house belonging to actor Gene Hackman and his wife Betsy Arakawa were earlier found dead, Thursday, Feb. 27, 2025 in Santa Fe, N.M. (AP Photo/Roberto E. Rosales)
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Authorities outside the couple’s home. Pic. AP

The actor’s daughter had earlier suggested they may have been killed by carbon monoxide – but the cause of death remains unclear. Speaking to TMZ, Elizabeth Jean Hackman said the family was not sure but thought the couple may have died from toxic fumes.

The local utility company tested gas lines in and around the home after the bodies were found and did not find any sign of problems, the warrant said.

In a statement issued to Sky News, the sheriff’s office said: “We do not believe foul play was a factor in their deaths, however exact cause of death has not been determined at this time.”

Hackman’s daughters, Elizabeth and Leslie, and granddaughter, Annie, said: “He was loved and admired by millions around the world for his brilliant acting career, but to us he was always just Dad and Grandpa.

“We will miss him sorely and are devastated by the loss,” they added in a statement.

Hackman won an Oscar for a leading role in The French Connection, a 1971 action movie by William Friedkin, and another for best supporting actor in Clint Eastwood’s 1992 western, Unforgiven.

The French Connection. Pic: 20th Century Fox/D'Antoni Productions/Schine-Moore Prods/Kobal/Shutterstock
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The French Connection earned him his first Oscar. Pic: 20th Century Fox/D’Antoni Productions/Schine-Moore Prods/Kobal/Shutterstock

He was also known for playing Lex Luthor in the Superman films of the late 1970s and 1980s.

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Hollywood actor Gene Hackman dies aged 95

Roles in the Francis Ford Coppola mystery thriller The Conversation and in the historical drama Mississippi Burning, where he starred as an FBI agent alongside Willem Dafoe, helped cement his career as one of Hollywood’s greats.

"Superman IV: The Quest for Peace" Gene Hackman, Christopher Reeve. Pic: THA/Shutterstock
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Playing Lex Luthor alongside Christopher Reeve’s Superman. Pic: THA/Shutterstock

Long career

The former US Marine appeared in more than 80 films, as well as on television and the stage, during a lengthy career that started in the early 1960s.

He earned his first Oscar nomination for his breakout role as the brother of bank robber Clyde Barrow in 1967’s Bonnie and Clyde.

He is also remembered for playing Captain Frank Ramsey alongside Denzel Washington in the 1995 thriller Crimson Tide.

Read more:
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In pictures: Hollywood legend on silver screen

Crimson Tide. Pic: Richard Foreman/THA/Shutterstock
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He starred alongside Denzel Washington in Crimson Tide. Pic: Richard Foreman/THA/Shutterstock

In the early 2000s, he starred as an eccentric patriarch in The Royal Tenenbaums by Wes Anderson.

Hackman’s final film appearance was in 2004’s Welcome To Mooseport, after which he retired from acting and began co-writing adventure novels with friend and underwater archaeologist Daniel Lenihan.

“It’s very relaxing for me,” Hackman told Empire Magazine in 2020. “I don’t picture myself as a great writer, but I really enjoy the process.”

Mandatory Credit: Photo by Everett/Shutterstock
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Playing the villain in Unforgiven. Pic: Everett/Shutterstock

‘He could play anyone’

Michael Caine revered Hackman as “one of the greatest actors” he had known while presenting him with the Cecil B DeMille Award in 2003.

Arakawa was a classical pianist. The couple married in 1991 and lived outside Santa Fe, New Mexico.

Hackman had three children, Christopher, Elizabeth Jean and Leslie Anne, with his late ex-wife, Faye Maltese, who died in 2017.

Star Trek star George Takei said: “We have lost one of the true giants of the screen,” in a tribute on X.

“Gene Hackman could play anyone, and you could feel a whole life behind it.

“He could be everyone and no one, a towering presence or an everyday Joe. That’s how powerful an actor he was,” Takei wrote on X.

“He will be missed, but his work will live on forever.”

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Princess Eugenie’s tribute to Michelle Trachtenberg

FILE - Actor Gene Hackman, winner of Best Supporting Actor at academy awards in March 1993. Hackman will turn 80 years on Jan. 30, 2010. (AP Photo, File)
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Gene Hackman won his second Oscar in 1993. Pic: AP

Irish comedian Dara O Briain called Hackman “the finest screen actor ever”.

“Not a single duff performance, in a long, long career,” he wrote in a post on X.

Hackman was versatile on screen, working with a face that he described to the New York Times in 1989 as that of “your everyday mine worker.”

StudioCanal, the UK arm of the leading European film studio, called Hackman’s death “a colossal loss for cinema” in a tribute posted on X.

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