Elon Musk attended the 10th Breakthrough Awards Ceremony held at the Academy Museum of Motion Pictures in Los Angeles, California on April 13, 2024.
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On Saturday, Elon Musk revealed who he supports for Treasury secretary for Cabinet position X, which President-elect Donald Trump has not yet expressed a preference for.
Musk said Howard Lutnick, Trump-Vance transition co-chair and CEO and chairman of Cantor Fitzgerald (BGC Group and Newmark Group), will “actually make a difference.” I wrote it.
Lutnick and Scott Bessent, founder and CEO of Key Square Group, are reportedly the front-runners for the position of Treasury secretary.
Musk, the CEO of Tesla and SpaceX, also includes thoughts about Bessent in his posts about X.
“In my opinion, Bessent is the usual choice,” he wrote.
He added: “Business as usual is bankrupting America and something has to change.”
Musk also said, “Interesting to hear more people weigh in on this as @realDonaldTrump weighs in on feedback.”
Howard Lutnick, chairman and chief executive officer of Cantor Fitzgerald LP, walks out during a campaign rally with former President Donald Trump (not pictured) at Madison Square Garden in New York, USA. Tesla CEO Elon Musk (not pictured) on Sunday, October 27, 2024.
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In a statement to Politico, President Trump’s transition press secretary, Caroline Leavitt, said the president-elect has not made any decisions regarding the Treasury secretary position.
“President-elect Trump is deciding who will serve in his second administration,” Levitt said in a statement. “Those decisions will be announced as soon as they are made.”
Both Mr. Lutnick and Mr. Bessent have close ties to Mr. Trump. Mr. Lutnick and Mr. Trump have known each other for decades, and the CEO once hosted a fundraiser for the president-elect.
The Wall Street Journal also reported that Lutnick is already helping the Trump administration consider Cabinet nominees.
Meanwhile, Bessent served as the president-elect’s chief economic advisor during the 2024 campaign. According to Semaphore, Bessent also has support from Republican Sen. Lindsey Graham of South Carolina.
“He’s from South Carolina and I know him well. He’s highly talented,” Graham said.
