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Elon Musk has publicly weighed in on Donald Trump’s choice for US treasury secretary, one of the remaining key incoming cabinet nominations the president-elect will make in the coming days.
Musk urged followers on X to support a candidate that would not be “business as usual” and “will actually enact change” as he threw his support behind Trump’s transition co-chair Howard Lutnick to lead the treasury department.
Lutnick, former CEO of Cantor Fitzgerald, a firm that lost 658 employees in the 9/11 attacks, is believed to be up against Scott Bessent, the founder of capital management firm Key Square who has said he wants the US to remain the world’s reserve currency and use tariffs as a negotiating tactic.
“My view fwiw is that Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change,” Musk posted on Saturday. “Business-as-usual is driving America bankrupt, so we need change one way or another.”
You can read the full story by my colleague Edward Helmore here:
Trump picks Project 2025 co-author to lead FCC as speculation over treasury secretary appointment mounts
Good morning, and welcome to our US politics blog.
US President-elect Donald Trump has announced that he has selected Brendan Carr to be chairman of the Federal Communications Commission (FCC), the independent agency that regulates telecommunications.
Carr is a longtime member of the commission and served previously as the FCC’s general counsel. He has been unanimously confirmed by the Senate three times and was nominated by both Trump and Joe Biden to the commission.
The FCC is overseen by Congress, but Trump has suggested he wanted to bring it under tighter White House control, in part to use the agency to punish TV networks that cover him in a way he views unfavourably.
“Commissioner Carr is a warrior for free speech, and has fought against the regulatory lawfare that has stifled Americans’ freedoms, and held back our economy,” Trump said.
Last week, Carr, a big tech critic, wrote to Meta’s Facebook, Alphabet’s Google, Apple and Microsoft saying they had taken steps to censor Americans. Carr said on Sunday the FCC must “restore free speech rights for everyday Americans”.
Carr has of late embraced Trump’s ideas about social media and tech. Carr wrote a section devoted to the FCC in “ Project 2025,” the right-wing plan for Trump’s presidency which would crack down on immigration, dismantle LGBTQ+ and abortion rights and diminish environmental protections.
In a chapter of Project 2025, Carr argued that the FCC’s main goals should be “reining in Big Tech, promoting national security, unleashing economic prosperity, and ensuring FCC accountability and good governance.”
In his chapter, Carr also suggested that social media platform TikTok should be banned if it does not disentangle from its China-based parent company.
You can read more on Carr’s appointment here.
Trump has not revealed his pick for treasury secretary yet. Two potential candidates – former Federal Reserve governor Kevin Warsh and billionaire Marc Rowan -will reportedly be interviewed at his Mar-a-Lago residence later today.
Republican US Senator Bill Hagerty of Tennessee, 65, who Trump recently met at Mar-a-Lago, is also in the running for the role, according to the Wall Street Journal.
Howard Lutnick, the CEO of Cantor Fitzgerald, and investor Scott Bessent are also considered as top candidates for the job.
