Musk Endorses Lutnick for Treasury Secretary Role
Musk Endorses Lutnick for Treasury Secretary Role
Musk Endorses Lutnick for Treasury Secretary Role
News summary

Elon Musk has publicly endorsed Howard Lutnick, CEO of Cantor Fitzgerald, for the position of U.S. Treasury Secretary in President-elect Donald Trump's administration. Musk argues that Lutnick would bring necessary change to the role, contrasting him with another contender, Scott Bessent, whom Musk describes as a 'business-as-usual' choice. The Treasury Secretary position remains one of the last major roles to be filled, with significant implications for economic policy and market reactions. Lutnick is a known Trump ally and has been active in the transition team, while Bessent, a key economic advisor to Trump, is seen as more moderate on issues like tariffs. The selection is pivotal given that the economy was a central issue in Trump's reelection, with many voters expressing dissatisfaction with current economic conditions. Musk's endorsement adds pressure as Trump considers his final decision, with other Trump loyalists also voicing their preferences.

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25 min ago
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