Elon Musk endorses Howard Lutnick for US Treasury Secretary over Scott Bessent
ft.com —
Elon Musk has endorsed Howard Lutnick for the role of Treasury Secretary, favoring him over Scott Bessent. Musk criticized Bessent as a "business-as-usual choice" and emphasized the need for change in government spending. Musk's support adds tension to the selection process for the Treasury position, which remains unfilled. Lutnick, CEO of Cantor Fitzgerald, is a co-chair of Trump's transition team, while Bessent has backing from notable Trump allies. Bessent has faced criticism for his stance on tariffs but recently expressed support for them in a Fox op-ed. Musk's influence in Trump's administration is growing, as he has been appointed to lead efforts to reduce government spending.