Elon Musk backs Howard Lutnick for Treasury Secretary in Trump administration
Elon Musk is actively supporting Howard Lutnick for Treasury Secretary in Donald Trump's new administration. Musk, a close ally of Trump, publicly urged the president-elect to consider Lutnick over Scott Bessent, who he views as a conventional choice. Lutnick, currently chair of Trump's transition team, has a background in finance and supports Bitcoin. Bessent, who has ties to George Soros, is backed by some GOP figures but faces skepticism due to his connections and the controversial nature of other Trump nominees. Trump's selection for Treasury Secretary will likely face fewer hurdles than his other nominees, such as Matt Gaetz for attorney general, who is under scrutiny. Some Republican senators are concerned about the potential political risks of Trump's choices.