From CNBC: 2024-11-16 15:33:31

Elon Musk endorses Howard Lutnick for Treasury secretary, calling for change. Lutnick and Scott Bessent are top picks. Trump has not announced his preference. Musk believes Bessent is a “business-as-usual choice,” advocating for change to avoid bankruptcy. Trump’s transition team has not made any official decisions.

Lutnick and Bessent have close ties to Trump. Lutnick has hosted fundraisers for Trump and helped review candidates for cabinet positions. Bessent was a key economic advisor during Trump’s 2024 campaign and received an endorsement from Senator Lindsey Graham. Trump’s transition team has not made any official announcements.

Read more: Elon Musk endorses Trump’s transition co-chair Howard Lutnick for Treasury secretary