Connected media – Related media
At the 10th Breakthrough Award Ceremony held at the Academy Museum of Motion Pictures on April 13, 2024, Elon Musk made headlines by expressing his support for potential candidates for the Treasury secretary position. This announcement comes as President-elect Donald Trump has yet to reveal his choice for this crucial Cabinet role.
Via a post on X, Musk endorsed Howard Lutnick, co-chair of the Trump-Vance transition team and the CEO of Cantor Fitzgerald, stating that Lutnick is someone who will “actually enact change.” This endorsement highlights Musk’s belief in the need for a shift in economic policy.
Reports indicate that Lutnick and Scott Bessent, founder and CEO of Key Square Group, are the leading contenders for the Treasury Department. Musk shared his perspective on Bessent as well, describing him as a “normal choice.” He emphasized the urgency for change in leadership, suggesting that “business as usual is driving America bankrupt,” and called for a new approach.
Musk also encouraged broader discussions on the topic, urging more voices to share their opinions so that Trump can consider public feedback when making his decision.
In a statement to Politico, transition spokeswoman Karoline Leavitt clarified that Trump has not yet finalized his decision regarding the Treasury secretary position. She affirmed that the president-elect is currently evaluating candidates for his second administration, with announcements expected in due course.
Both Lutnick and Bessent have longstanding connections to Trump. Lutnick has known Trump for decades and even hosted a fundraiser for him, demonstrating their close relationship. Additionally, Lutnick has reportedly assisted Trump in assessing candidates for various Cabinet roles.
Conversely, Bessent served as a key economic advisor during Trump’s 2024 campaign, further solidifying his ties to the incoming administration. Republican Senator Lindsey Graham of South Carolina has also publicly endorsed Bessent, emphasizing his qualifications and familiarity with the senator.
As the transition unfolds, the discussions around these potential appointments signal a pivotal moment in shaping economic policy under the new administration.
Connected media – Associated media
