Trump Taps Billionaire Investor for Key Pentagon Role

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Source: POLITICO
TL;DR Summary

President-elect Donald Trump has chosen billionaire investor Stephen Feinberg as his deputy Defense secretary, despite Feinberg's lack of experience in the agency and potential conflicts of interest due to his investments in defense-related companies. Feinberg, CEO of Cerberus Capital Management, has yet to accept the offer but is expected to do so. His appointment could complicate his role in the Pentagon, particularly in areas of budgeting and technology development, due to his firm's defense investments.

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