Another Billionaire: Howard Lutnick As Commerce Sec

Axios reports:

Trump will nominate billionaire Howard Lutnick as Commerce secretary, a top transition source tells Axios. The Commerce Department will have a key role in implementing the tariffs Trump has vowed to implement — and Lutnick has been a vocal supporter.

Lutnick, co-chair of Trump’s transition, was hoping to become Treasury secretary, but Trump recently soured on the finalists and is considering other options, transition sources tell Axios.

Lutnick is the chairman and chief executive of Cantor Fitzgerald, an investment firm he joined after graduating college in the 1980s.

Read the full article.

BREAKING: Donald Trump selected Howard Lutnick, the billionaire CEO of Cantor Fitzgerald, as Secretary of Commerce.

Lutnick is also co-chair of the Trump transition.

So much for “draining the swamp.” pic.twitter.com/4eFvRagx79

— Republicans against Trump (@RpsAgainstTrump) November 19, 2024