Musk Endorses Lutnick for Treasury Leadership Role

1 min read
Source: Financial Times
Musk Endorses Lutnick for Treasury Leadership Role
Photo: Financial Times
TL;DR Summary

Elon Musk has endorsed Howard Lutnick over Scott Bessent for the role of US Treasury Secretary in Donald Trump's administration, emphasizing Lutnick's potential for enacting change. Musk's support highlights his growing influence with Trump, who recently appointed him to lead a government cost-cutting initiative. The race for Treasury Secretary has intensified, with Lutnick and Bessent as top contenders following John Paulson's withdrawal. Musk's backing of Lutnick adds drama to the selection process, as both candidates have been active around Trump's Florida residence.

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