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Elon Musk has publicly weighed in on Donald Trump’s selection for US treasury secretary, one of many remaining key incoming cupboard nominations the president-elect will make within the coming days.
Musk urged followers on X to assist a candidate that will not be “business as usual” and “will actually enact change” as he threw his assist behind Trump’s transition co-chair Howard Lutnick to guide the treasury division.
Lutnick, former CEO of Cantor Fitzgerald, a agency that misplaced 658 workers within the 9/11 assaults, is believed to be up towards Scott Bessent, the founding father of capital administration agency Key Sq. who has stated he needs the US to stay the world’s reserve foreign money 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 may learn the complete story by my colleague Edward Helmore right here:
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Trump picks Challenge 2025 co-author to guide FCC as hypothesis over treasury secretary appointment mounts
Good morning, and welcome to our US politics blog.
US President-elect Donald Trump has introduced that he has chosen Brendan Carr to be chairman of the Federal Communications Fee (FCC), the impartial company that regulates telecommunications.
Carr is a longtime member of the fee and served beforehand because the FCC’s common counsel. He has been unanimously confirmed by the Senate thrice and was nominated by each Trump and Joe Biden to the fee.
The FCC is overseen by Congress, however Trump has recommended he needed to deliver it beneath tighter White Home management, partly to make use of the company to punish TV networks that cowl him in a method 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 stated.
Final week, Carr, a giant tech critic, wrote to Meta’s Fb, Alphabet’s Google, Apple and Microsoft saying they’d taken steps to censor Individuals. Carr stated on Sunday the FCC should “restore free speech rights for everyday Americans”.
Brendan Carr is a member of the Federal Communications Fee, which regulates broadcast and web use. {Photograph}: Reuters
Carr has of late embraced Trump’s concepts about social media and tech. Carr wrote a bit dedicated to the FCC in “ Project 2025,” the right-wing plan for Trump’s presidency which might crack down on immigration, dismantle LGBTQ+ and abortion rights and diminish environmental protections.
In a chapter of Challenge 2025, Carr argued that the FCC’s predominant objectives must be “reining in Big Tech, promoting national security, unleashing economic prosperity, and ensuring FCC accountability and good governance.”
In his chapter, Carr additionally recommended that social media platform TikTok must be banned if it doesn’t disentangle from its China-based dad or mum firm.
You may learn extra on Carr’s appointment right here.
Trump has not revealed his decide for treasury secretary but. Two potential candidates – former Federal Reserve governor Kevin Warsh and billionaire Marc Rowan -will reportedly be interviewed at his Mar-a-Lago residence later right now.
Republican US Senator Invoice Hagerty of Tennessee, 65, who Trump lately met at Mar-a-Lago, can be within the working for the position, in line with the Wall Avenue Journal.
Howard Lutnick, the CEO of Cantor Fitzgerald, and investor Scott Bessent are additionally thought of as prime candidates for the job.
