Trump's Treasury pick: Lutnick now a top contender alongside Bessent, sources say
Howard Lutnick has emerged as a serious contender alongside investor Scott Bessent for the top Treasury job in the new Trump administration, two sources familiar with the matter said, as the race for the high profile role heats up.
Lutnick, a longtime friend of Trump's and co-chair of the transition team, had received the backing of at least one influential member of President-elect Donald Trump's inner circle for the Treasury Secretary role, one of the sources said.
Bessent, who served as an economic advisor to the Trump campaign in addition to being a fundraiser, remains a top contender, said the sources, who asked not to be identified talking about positions ahead of them being announced.
While the sources said the race seemed to have narrowed to the two for now, it is possible that other serious contenders could emerge as Trump ultimately decides who he wants.
«President-Elect Trump is making decisions on who will serve in his second administration,» said Karoline Leavitt, Trump-Vance Transition spokeswoman. «Those decisions will be announced when they are made.»
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