Elon Musk endorses Trump's transition co-chair Howard Lutnick for Treasury secretary

Published On Nov 16, 2024, 3:33 PM

Elon Musk publicly endorsed Howard Lutnick, who is associated with Trump's transition team, for the position of Treasury Secretary. Musk expressed a desire for significant change in government fiscal policy, implying that Lutnick has the ability to drive such change. Lutnick is among the top candidates for the role, alongside Scott Bessent, but as of now, no final decisions have been made by President-elect Trump.

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Musk's endorsement of Lutnick may signal a shift towards policies that could benefit sectors related to finance and administration. Investors might react positively, anticipating changes in fiscal policy, which could affect financial markets.

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