Trump transition live updates: In a flurry of nominations, Trump announces 7 picks

President-elect Donald Trump has offered the treasury secretary position to billionaire Scott Bessent, multiple sources told ABC News Friday.

Bessent has advised Trump on economic policy and has been a frequent presence at Trump's Mar-a-Lago club this week and last week.

The position must be approved by the Senate.

The announcement for the job was supposed to come earlier but had been stalled due to intense infighting among Trump's top advisers - including transition co-chair Howard Lutnick - about who should get the job.

-ABC News' Katherine Faulders and Jonathan Karl

Even though former Rep. Matt Gaetz has withdrawn from consideration to be Trump's attorney general, Illinois Democratic Rep. Sean Casten said that he'll continue to try to compel the House Ethics Committee to release its report on Gaetz.

"While I welcome the news that Matt Gaetz is withdrawing from consideration for Attorney General, it remains important that the Gaetz report be made available to the American people," Casten said in a statement.

The Ethics Committee was investigating allegations that Gaetz engaged in sexual misconduct, illicit drug use, shared inappropriate images or videos on the House floor, misused state identification records, converted campaign funds to personal use, and/or accepted a bribe, improper gratuity, or impermissible gift.

Lauren Peller and John Parkinson contributed to this report.

After Matt Gaetz's withdrawal of his name for consideration as President-elect Donald Trump's attorney general Thursday, another name has been put forth.

Trump said on his social network Truth Social Thursday night that Pam Bondi has been nominated.

Bondi was Florida's first female attorney general and was a prosecutor for nearly 20 years, Trump said.

Bondi is a longtime Trump ally and was one of his lawyers during his first impeachment trial when he was accused - but not convicted - of abusing his power as he tried to condition U.S. military assistance to Ukraine on that country investigating then-former Vice President Joe Biden.

She has been a chair at the America First Policy Institute, a think tank set up by former Trump administration staffers.

The Associated Press contributed to this report.

President-elect Trump said he "greatly appreciate(s) the recent efforts of Matt Gaetz in seeking approval to be Attorney General" in a social media post shortly after Gaetz announced his withdrawal from the role.

"He was doing very well but, at the same time, did not want to be a distraction for the Administration, for which he has much respect. Matt has a wonderful future, and I look forward to watching all of the great things he will do!" Trump posted.

Gaetz informed Trump late Thursday morning he'd be withdrawing, sources told ABC News.

Sources told ABC News in the last few days it became clear to the Trump team that Gaetz was not going to have enough votes for a Senate confirmation -- with sources close to the president-elect telling ABC News that there was "no path to 50" senators.

-ABC News' Jonathan Karl, John Santucci, Katherine Faulders and Lalee Ibssa