Musk Pushes For Fellow Billionaire To Lead Treasury

Politico reports:

Elon Musk is backing Donald Trump’s transition co-chair Howard Lutnick to lead the Treasury Department, touting the billionaire CEO of Cantor Fitzgerald as a potential secretary who “will actually enact change” from the most powerful economic post in Trump’s Cabinet.

Musk labeled another prime contender for the post, hedge fund CEO Scott Bessent, a “business-as-usual choice,” he posted on X, the social media network he purchased two years ago. “Business-as-usual is driving America bankrupt, so we need change one way or another.”

Lutnick is a Wall Street powerbroker who has been jockeying for the position and has used his role on the transition to exert control in determining what information flows up to the president-elect as he weighs personnel decisions.

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Would be interesting to hear more people weigh in on this for @realDonaldTrump to consider feedback.

My view fwiw is that Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change.

Business-as-usual is driving America bankrupt, so we need change… https://t.co/igGLZOJ8wz

— Elon Musk (@elonmusk) November 16, 2024