Key Square Group founder Scott Bessent. Jonathan Drake/Reuters. The race to be US President-elect Donald Trump’s treasury secretary is devolving into an increasingly ugly, and personal, battle. Trump swiftly announced much of his top team, though fellow Republicans have said some may struggle to be confirmed because of controversies over their record. The choice of treasury secretary — the country’s top economic position — has, however, languished. Trump is now deciding between the chief executive of the brokerage firm Cantor Fitzgerald and the head of the Key Square fund, with both sides’ supporters lobbying against each other. For example, cherrypicked returns from the latter’s firm, indicating it lost money in five of the past seven years, are being circulated in group chats, undercutting his case as a savant investor. |