Trump selects Scott Bessent as Treasury secretary despite Musk's preference

Elon Musk's influence on Donald Trump appears limited as Trump has chosen hedge fund manager Scott Bessent as his Treasury secretary, despite Musk's preference for Howard Lutnick. Bessent is seen as a stabilizing figure with a similar economic outlook to Trump. Musk, a significant supporter of Trump's 2024 campaign, is expected to play a prominent role in the new administration. He will co-lead the Department of Government Efficiency alongside Vivek Ramaswamy. Trump's decision to select Bessent reflects a desire for continuity in economic policy, contrasting Musk's call for change. Bessent's nomination aligns with Trump's campaign themes of revitalizing the economy and regulatory reform.