Howard Lutnick emerges as candidate for U.S. Treasury Secretary with Elon Musk's backing
Howard Lutnick, CEO of Cantor Fitzgerald, is being considered for U.S. Treasury Secretary under President-elect Donald Trump, with support from Elon Musk. Musk criticized another candidate, Scott Bessent, as a typical choice, advocating for Lutnick as a change-maker. Lutnick gained prominence after the 9/11 attacks, which killed many of his colleagues. He has since rebuilt his firm and established a relief fund for 9/11 victims. He is also a key figure in Trump’s 2024 transition team. While Lutnick's economic views align with Trump’s agenda, his nomination faces scrutiny due to potential conflicts of interest and ties to a cryptocurrency firm under investigation. Trump has not yet made a final decision on the Treasury position.