Elon Musk Endorses Howard Lutnick as Treasury Secretary, Urges “Change” Over “Business-as-Usual”
Billionaire Elon Musk, a key adviser to U.S. President-elect Donald Trump, has thrown his weight behind Cantor Fitzgerald CEO Howard Lutnick for the Treasury secretary position. Musk’s endorsement, given his influential role in Trump’s inner circle, could significantly boost Lutnick’s chances. Speaking on Saturday, Musk described Lutnick as someone who could “actually enact change,” signaling a stark departure from the status quo in U.S. economic policy.
President-elect Trump has yet to announce his choice for Treasury secretary. Still, sources say he is deliberating between Lutnick, investor Scott Bessent, and possibly other candidates. Musk dismissed Bessent as a “business-as-usual choice,” arguing that such approaches are “driving America bankrupt.”
“Business-as-usual is driving America bankrupt, so we need change one way or another,” Musk posted on X, formerly Twitter. He also encouraged others to share their opinions to help Trump weigh the decision.
Musk’s Growing Influence in Trump’s Inner Circle
Musk’s presence at Trump’s Mar-a-Lago resort in Palm Beach, Florida, where the president-elect is crafting his administration, underscores his growing influence. As a key adviser to Trump, Musk’s opinions carry significant weight in the decision-making process. Trump even joked during a gala event on Thursday night about Musk’s extended stay at the club.
“I can’t get him out of here. He loves this place. And I like having him here,” Trump quipped, drawing laughter from the crowd.
Later that evening, Musk addressed the audience, emphasizing the need for bold action. “The public has given us a mandate that could not be clearer. The people have spoken, and the people want change,” he declared.
Lutnick: A Strong Contender
Howard Lutnick, who has been actively assisting Trump’s transition efforts, is seen as a potential disruptor in the role of Treasury secretary. Lutnick’s approach could bring significant changes to U.S. economic policy. He has openly supported Trump’s use of tariffs, which he argues are vital for strengthening American industries.
The decision will be a pivotal moment for the incoming administration as Trump seeks to align his cabinet with his vision of economic reform. With Musk’s influential advocacy for Lutnick and his emphasis on transformative leadership, the final choice could define the administration’s economic agenda.