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The Latest Breaking News from Scott Bessent

Trump staffers reportedly worry Elon Musk is acting as a 'co-president'

Musk's post on X appears to put pressure on Trump.

Fortune

Is Messy Public Fight Over Trump's Treasury Chief First Sign Of Discord With Musk?

Musk publicly backed Howard Lutnick's possible nomination after Trump allegedly cooled on picking him.

International Business Times

Trump throws two more names into ring for treasury secretary after Musk’s favorite annoyed him

Howard Lutnick appears to have fallen down the pecking order for the cabinet role, according to sources

The Independent UK

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Howard Lutnick's Trump Treasury Secretary Chances Rise On Polymarket After Musk, RFK Jr. Commendations

Cantor Fitzgerald CEO Howard Lutnick is fast becoming a popular name in talks regarding Donald Trump's Treasury Secretary pick, and while Scott Bessent is still leading on Polymarket, Lutnick is gaining traction after commendations from Elon Musk, RFK Jr. and David Bailey.

International Business Times

Matt Gaetz ‘paid for sex’, says lawyer for two women who testified to House committee – as it happened

This live coverage has ended. Thanks for following along. You can read our full story on the latest allegations against Matt Gaetz below:

The Guardian - AU

Wall Street may now have to take Trump literally as the battle for Treasury secretary focuses on a centerpiece campaign pledge

Trump's advisers are seeking assurances from the top Treasury candidates that they are committed to his aggressive tariffs, sources told the FT.

Fortune

Elon Musk wants this man to be Donald Trump’s Treasury secretary

One candidate has near-constant access to the president-elect. Will that give him the edge he needs?

The Independent UK

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Musk Jumps Into Treasury Secretary Fray, Pushes Disrupter Howard Lutnick

Frontrunner Scott Bessent is widely seen to have the support of Wall Street insiders

International Business Times

Musk publicly supports Lutnick for treasury secretary as Trump considers pick

Musk’s comments on X supporting candidate comes amid anxiety over entrepreneur’s proximity to Trump

The Guardian - US

Trump names fossil fuel executive Chris Wright as energy secretary

President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as energy secretary after his second administration begins in January

The Independent UK

Fox Business Host Larry Kudlow Won't Be Joining Trump's Cabinet: Report

Kudlow, who served as president-elect's National Economic Adviser last time around, told Trump team he won't be returning to goverment

International Business Times

Trump Administration Yet To Decide On Treasury Secretary Appointment

Trump Administration's search for Treasury secretary intensifies with Lutnick and Bessent as top contenders.

Top News

Polymarket users are betting on Scott Bessent to be Trump’s treasury secretary

The prediction market puts Bessent’s odds of getting the nod at 67%.

Fortune

Billionaire investor John Paulson shies away from Trump's Treasury due to 'complex financial obligations'

Hedge funder won’t lead Treasury although Trump has called him a “money machine.”

Fortune

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news in one place.

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International Business Times

Scott Bessent – Is The Trump Treasury Secretary Potential Pick Good For Crypto?

Scott Bessent is reportedly a heavy favorite in Trump's final list of potential individuals to lead the U.S. Treasury – who is he and will his views have an impact on Bitcoin and the broader crypto industry?

Fortune

Jerome Powell was prepared to fight for his job in court when Trump mulled firing the Fed chief in 2018, report says

Trump weighed ousting Powell in 2018, but the Fed chief told then-Treasury Secretary Steven Mnuchin that he would fight his removal, according to the Wall Street Journal.

Fortune

Fed Chair Jerome Powell won't resign if Trump asks him to

Trump has said he should have a say in setting interest rates.

The Guardian - US

Trump’s cabinet and White House picks – so far

A look at the people who have been and still could be offered key positions when Trump takes office

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news in one place.

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Fortune

Trump advisor proposes a shadow Fed chair, but Wall Street veteran Ed Yardeni thinks it’s a recipe for disaster

Key Square hedge fund founder Scott Bessent’s plan to sideline Jerome Powell aligns with Trump’s declared aim of eroding the U.S. central bank’s independence.

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