Finance

Elon Musk endorses Trump’s transition co-chair Howard Lutnick for Treasury secretary

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Elon Musk on the 10th Step forward Prize rite held on the Academy Museum of Movement Footage on April 13, 2024 in Los Angeles, California.

The Hollywood Reporter | The Hollywood Reporter | Getty Photographs

On Saturday, Elon Musk shared who he’s endorsing for Treasury secretary on X, a cupboard place President-elect Donald Trump has but to announce his desire to fill.

Musk wrote that Howard Lutnick, Trump-Vance transition co-chair and CEO and chairman of Cantor Fitzgerald, BGC Workforce and Newmark Workforce chairman, will “actually enact change.”

Lutnick and Key Sq. Workforce founder and CEO Scott Bessent are reportedly supremacy selections to run the Treasury Branch.

Musk, CEO of Tesla and SpaceX, additionally incorporated his ideas on Bessent in his put up on X.

“My view fwiw is that Bessent is a business-as-usual choice,” he wrote.

“Business-as-usual is driving America bankrupt so we need change one way or another,” he added.

Musk additionally said it might be “interesting to hear more people weigh in on this for @realDonaldTrump to consider feedback.”

Howard Lutnick, chairman and important govt officer of Cantor Fitzgerald LP, left, and Elon Musk, important govt officer of Tesla Inc., all through a marketing campaign match with former US President Donald Trump, now not pictured, at Madison Sq. Ground in Brandnew York, US, on Sunday, Oct. 27, 2024.

Bloomberg | Bloomberg | Getty Photographs

In a commentary to Politico, Trump transition spokesperson Karoline Leavitt made it unclouded that the president-elect has now not made any choices in regards to the place of Treasury secretary.

“President-elect Trump is making decisions on who will serve in his second administration,” Leavitt mentioned in a commentary. “Those decisions will be announced when they are made.”

Each Lutnick and Bessent have alike ties to Trump. Lutnick and Trump have recognized each and every alternative for many years, and the CEO has even hosted a fundraiser for the president-elect.

The Wall Street Journal additionally reported that Lutnick has already been serving to Trump evaluate applicants for cupboard positions in his management.

At the alternative hand, Bessent used to be a key financial guide to the president-elect all through his 2024 marketing campaign. Bessent additionally won an endorsement from Republican Senator Lindsey Graham of South Carolina, in step with Semafor.

“He’s from South Carolina, I know him well, he’s highly qualified,” Graham mentioned.

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