5 sources·Politics

Elon Musk Backs Howard Lutnick for Treasury Secretary Amid Trump’s Cabinet Decisions

Elon Musk endorsed Howard Lutnick for Treasury Secretary, criticizing another candidate as 'business-as-usual' while urging public feedback on the selection process.

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Updated: Nov 16th, 2024, 6:54 PM ET

Summary

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In a recent post, Elon Musk indicated his support for Howard Lutnick as Treasury Secretary, asserting that Lutnick would induce necessary economic changes, contrasting this with Scott Bessent, whom he labeled a 'business-as-usual' pick. Musk's intervention highlights his growing influence in Donald Trump's transition team as the President-elect finalizes Cabinet selections. Lutnick’s strong alignment with Trump’s policies on tariffs and cryptocurrencies positions him as a contentious choice within financial circles. The debate underscores a broader push for changes in economic leadership as America deals with potential inflation crises.

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