Published November 19, 2024 11:32am EST
Trump expected to nominate Howard Lutnick as commerce secretary
Lutnick is the CEO of investment firm Cantor Fitzgerald and co-chairs President-elect Trump's transition team
By Eric Revell , Paul Steinhauser FOXBusiness
President-elect Donald Trump is expected to nominate Cantor Fitzgerald CEO Howard Lutnick to serve as commerce secretary, a source familiar with the process confirmed to Fox News Digital.
Lutnick, 63, has served as the co-chair of Trump's transition team and was a key fundraiser for Trump's 2020 and 2024 campaigns. Billionaire and Trump backer Elon Musk endorsed Lutnick for Treasury secretary.
The source said that it's a free for all for Treasury secretary and that there's a mad dash to find someone pro-tariff to lead the Treasury with Lutnick being tapped to lead the Commerce Department. They added that Lutnick was offered an ambassadorship but declined that offer.
The Commerce Department plays a key role in regulating international trade with the U.S. as well as promoting economic growth domestically.
This is a developing story. Please check back for updates.
https://www.foxbusiness.com/politics/trump-expected-nominate-howard-lutnick-commerce-secretary
