President-elect Donald Trump weighs options for Treasury Secretary, with former Fed Governor Kevin Warsh, Apollo CEO Marc Rowan, and Senator Bill Hagerty among top contenders. Key figures like Howard Lutnick and Scott Bessent are also in the mix, with meetings planned at Mar-a-Lago.
WASHINGTON, Nov 17 (Reuters) - President-elect Donald Trump added former Federal Reserve Governor Kevin Warsh and billionaire Marc Rowan to the list of candidates to become his Treasury secretary, the New York Times and Wall Street Journal reported on Sunday.
A former investment banker, Warsh, 54, served on the Federal Reserve Board from 2006 to 2011. He was seen as both a fiscal hawk and a proponent of higher savings rates.
Rowan, 62, co-founded investment manager Apollo Global Management (APO.N), opens new tab and became the firm’s CEO in 2021.
Republican U.S. Senator Bill Hagerty of Tennessee, 65, who Trump met at Mar-a-Lago last week, is also in the running for the role, according to the Wall Street Journal.
Trump has not announced his nominee for the role, but Howard Lutnick, the CEO of Cantor Fitzgerald, and investor Scott Bessent have been considered as top candidates for the job.
The Republican president-elect has begun to have second thoughts about Lutnick and Bessent, the New York Times said, and was expected to invite candidates to meet with him in Florida at his Mar-a-Lago club this week.
Lutnick co-chaired Trump’s transition effort. A New Yorker like Trump, he has uniformly praised the president-elect’s economic policies, including his backing of tariffs.
Bessent, a key economic adviser to Trump, is a longtime hedge fund investor who taught at Yale University for several years and has a warm relationship with the president-elect.
Billionaire Elon Musk and Robert F. Kennedy Jr. [USN:S0N3MK05Y TEXT:“came out in favor of Lutnick”] on Saturday, making public the internal jockeying on the decision.
The Trump transition team did not immediately respond to a request for comment.
Start your day informed with AnewZ Morning Briefing: here are the top news stories for January 18th, covering the latest developments you need to know.
Russia and Iran have agreed to intensify cooperation in developing international transport corridors, especially the North-South corridor. The move aims to improve trade flows and create smoother transportation conditions for goods traveling through both countries.
The Houthis, ruling northern Yemen, have claimed responsibility for the seventh drone attack on the US aircraft carrier USS Harry Truman since its arrival in the Red Sea. The group also warned it is monitoring developments in the Gaza Strip.
Azerbaijan's commercial gas production saw a growth of over 6%, highlighting a significant boost in the country's energy sector. This increase contributes to strengthening Azerbaijan’s role as a key player in regional and global energy markets
Azerbaijan has begun the trial of Ruben Vardanyan, a billionaire and former so-called Nagorno-Karabakh official, detained in September 2023 after Azerbaijan’s takeover of the region. He denies wrongdoing and claims his interrogation protocols were falsified.
Start your day informed with AnewZ Morning Briefing: here are the top news stories for January 18th, covering the latest developments you need to know.
U.S. Congressional Azerbaijan Caucus co-chairs honour the 35th anniversary of January 20, reflecting on its impact as a pivotal moment in Azerbaijan's fight for independence.
Thousands in Belgrade held a silent protest outside RTS, honouring victims of a roof collapse. University students demanded justice for the tragedy, blaming Serbian authorities.
South Korea's impeached president Yoon Suk Yeol appeared in court to contest his detention extension on insurrection charges tied to his martial law declaration.
Reports of a two-month halt in Azerbaijani gas supplies to Serbia are false. Despite a technical issue at Shah Deniz Alpha, Shah Deniz Bravo ensures steady exports, with supplies set to resume soon. BP confirms no damage or environmental impact.
Coast Guard divers Chuck Fox and Corey Smith from the US Cutter *Polar Star* successfully repaired a leaking shaft in the freezing waters of McMurdo Sound, Antarctica.
Azerbaijan has temporarily halted its contracted natural gas supply to Bulgaria following a technical issue at BP's Alpha platform in the Shah Deniz gas field.
As we welcome the new year, it’s time to focus on species needing urgent conservation in 2025. From delicate lizards to mighty hornbills and massive sharks, all face the threat of extinction.
Over 100 Paris 2024 Olympic medals were returned due to quality issues linked to EU regulations and an untested varnish formula. The IOC has pledged to replace all defective medals.
Blue Origin successfully launched its New Glenn rocket early Thursday, marking a key milestone in the satellite launch industry. The rocket, featuring a reusable first stage, lifted off from Cape Canaveral, positioning Blue Origin as a competitor to SpaceX in commercial space exploration.
Apple lost its position as China’s top smartphone seller in 2024, with Vivo and Huawei surpassing it after a 17% drop in shipments, marking its largest-ever annual decline. Rising competition, Huawei’s comeback, and shifting consumer trends challenge Apple’s market position.
Meta to cut 5% of staff, focusing on "low performers," while boosting AI investments. Restructuring continues as 2023's "Year of Efficiency" impacts thousands of roles.
RedNote, a Chinese lifestyle app known as Xiaohongshu, has seen a surge of over 500,000 TikTok users amid U.S. ban concerns. The platform, often called China’s Instagram, is exploring global expansion as it gains unexpected international attention.
Prime Minister Keir Starmer has affirmed that Britain will establish its own approach to artificial intelligence regulation, emphasising the importance of testing and understanding AI before implementing a proportionate and grounded regulatory framework.
Start your day informed with AnewZ Morning Briefing: here are the top news stories for January 18th, covering the latest developments you need to know.
U.S. Congressional Azerbaijan Caucus co-chairs honour the 35th anniversary of January 20, reflecting on its impact as a pivotal moment in Azerbaijan's fight for independence.
Thousands in Belgrade held a silent protest outside RTS, honouring victims of a roof collapse. University students demanded justice for the tragedy, blaming Serbian authorities.
South Korea's impeached president Yoon Suk Yeol appeared in court to contest his detention extension on insurrection charges tied to his martial law declaration.
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