Trump picks GOP US Rep. Lori Chavez-DeRemer as his nominee to lead the Labor Department

President-elect Donald Trump has elected Republican US Rep. Lori Chavez-DeRemer as his nominee to lead the Labor Department.

The Oregon House member, who narrowly lost his re-election bid earlier this month, received strong support from union members in his district.

As a potential labor secretary, Chavez-DeRemer would oversee the Labor Department’s workforce and its budget and lay out priorities that affect workers’ wages, health, safety and ability to organize, and employers’ rights to fire workers, among other things.

“Lori’s strong support from both the business and occupational health and safety communities will ensure that the Department of Labor can unite Americans of all backgrounds behind our agenda for unprecedented national success – to make America richer, wealthier, stronger and more prosperous than ever before!” Trump said in a statement.

THIS IS A NEWS UPDATE. AP’s previous story follows below.

President-elect Donald Trump announced Friday that he will nominate earlier George Soros money manager Scott Bessent, a is in favor of deficit reductionto serve as his next Treasury Secretary.

Trump also said he would nominate Russel Vought to lead the Office of Management and Budget, a position Vought held during Trump’s first presidency.

Bessent, 62, is the founder of hedge fund Key Square Capital Management, having worked on-and-off for Soros Fund Management since 1991. If confirmed by the Senate, he would be the nation’s first openly gay Treasury secretary.

He told Bloomberg in August that he decided to join Trump’s campaign in part to attack the rising U.S. national debt. That would include cutting government programs and other spending.

“This election cycle is the last chance for the United States to grow out of this mountain of debt without becoming some kind of European-style socialist democracy,” he then said. __

Associated Press writer Josh Boak contributed to this report.