Lutnick is stepping down as head of investment bank Cantor Fitzgerald as he prepares to head the Commerce Department.
WASHINGTON, DC - DECEMBER 4: President-elect Donald Trump's nominee to be Treasury Secretary Scott ... The biggest challenge for Bessent and Lutnick—for anyone in Trump’s cabinet ...
The Wall Street Journal is reporting that Howard Lutnick ... elect selected Wall Street veteran Scott Bessent. Like all Cabinet nominees, Lutnick must still be confirmed by the Senate.
Scott Bessent bested Howard Lutnick in a protracted fight to become Donald Trump’s nominee for Treasury secretary. But Mr. Lutnick’s consolation prize, commerce, may be the real trophy.
President-elect Donald Trump's Treasury Secretary pick Scott Bessent told Congress on Thursday, referring to Wall Street billionaire Howard Lutnick's plan to clear Treasury futures through a UK firm.