Trump Treasury pick Bessent to divest assets to avoid conflicts, NY Times reports

(Reuters) - President-elect Donald J. Trump's pick for Treasury secretary, Scott Bessent, plans to divest from dozens of funds, trusts and investments in preparation for his new role, The New York Times reported on Saturday. In a letter to the Treasury Department's ethics office, the money manager outlined the steps he would take to "avoid any actual or apparent conflict of interest in the event