Elon Musk endorses Howard Lutnick over Scott Bessent for Treasury secretary and proposes a public debate between the two on an online platform. Musk’s support for Lutnick, CEO of Cantor Fitzgerald, was made public on X, emphasizing Lutnick as a reformer who could bring much-needed change to Washington. Musk contrasted Lutnick with Bessent, labeling the latter as a “business-as-usual” choice that is driving America bankrupt.
The idea of a public debate between Lutnick and Bessent gained traction on X, with Musk offering to moderate the event. Despite the online buzz, Trump’s transition spokeswoman sought to temper speculation, emphasizing that decisions on cabinet positions will be announced when made.
Trump is expected to announce his economic team soon, including his choice for Treasury secretary to succeed Janet Yellen. The Treasury secretary plays a crucial role in overseeing the nation’s finances, issuing debt, and shaping fiscal policy.
Names under consideration for the Treasury secretary position include Robert Lighthizer and Larry Kudlow, among others. Other significant Cabinet posts, such as secretary of Commerce and administrator of the Small Business Administration, are also expected to be announced in the coming week.
Trump’s nominees for various positions, including national security adviser, secretary of state, and director of national intelligence, are part of the ongoing transition process. Senate confirmation is required for all Cabinet positions. Please rewrite the following sentence for me.
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