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 ...
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.