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.
Hamas said on Saturday it had officially responded to a ceasefire plan put forward by U.S. envoy Steve Witkoff, who represents President Donald Trump in Middle East diplomacy. The group said its reply includes a key demand: a complete end to the war.
Saudi Arabia and Qatar will provide joint financial support for Syrian state employees, Saudi Foreign Minister Prince Faisal bin Farhan announced during a visit to Damascus, as regional efforts to support Syria’s reconstruction gain momentum.
China has strongly criticised French President Emmanuel Macron's remarks linking Ukraine and Taiwan, calling them a “double standard” and insisting the two issues are not comparable.
Magnus Carlsen suffered a shock defeat to China’s Wei Yi at Norway Chess 2025, just two days after beating world champion D Gukesh.
The European Commission voiced strong regret over the United States’ decision to raise tariffs on imported steel to 50%, warning the move adds uncertainty to the global economy.
A confidential IAEA report reveals Iran conducted secret nuclear activities using undeclared material at several sites, raising serious non-compliance concerns.
Hamas said on Saturday it had officially responded to a ceasefire plan put forward by U.S. envoy Steve Witkoff, who represents President Donald Trump in Middle East diplomacy. The group said its reply includes a key demand: a complete end to the war.
The US Supreme Court has ruled that the Trump administration can temporarily end legal protections for more than 500000 migrants from Cuba, Haiti, Nicaragua, and Venezuela, exposing them to possible deportation.
A massive glacial landslide in southern Switzerland has buried the village of Blatten, formed a dangerous lake by blocking the River Lonza, and raised fears of flooding downstream as emergency crews monitor the situation.
Saudi Arabia and Qatar will provide joint financial support for Syrian state employees, Saudi Foreign Minister Prince Faisal bin Farhan announced during a visit to Damascus, as regional efforts to support Syria’s reconstruction gain momentum.
On May 28, the inauguration ceremony of Lachin International Airport was held.
A car drove into crowds of Liverpool fans celebrating the club’s Premier League title in the city centre on Monday evening, injuring dozens including 4 children. A 53-year-old man believed to be the driver was arrested at the scene.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
An international academic conference titled "Islamophobia: Exposing Prejudice and Destroying Stigma" has officially opened in the capital of Azerbaijan, bringing together global scholars, experts, and policymakers to address the rise and consequences of anti-Muslim discrimination.
President Donald Trump announced that he will increase steel tariffs from 25% to 50%, a move that could push up costs for industries relying on steel, including housing and auto manufacturing.
U.S. stocks wrapped up the week with a mixed finish after President Donald Trump accused China of breaking a recent trade agreement, reigniting global market jitters just weeks after a deal was struck in Geneva.
Volkswagen is negotiating directly with the U.S. government to ease tariffs in exchange for deeper investment commitments.
Wall Street futures slipped as a surprise court ruling brought back most of Trump-era tariffs, shaking investor confidence heading into month-end.
Model Hailey Bieber is selling her skincare brand Rhode to e.l.f. Beauty in a deal worth up to $1 billion (£790 million), with plans for international expansion and continued viral success.
A confidential IAEA report reveals Iran conducted secret nuclear activities using undeclared material at several sites, raising serious non-compliance concerns.
Hamas said on Saturday it had officially responded to a ceasefire plan put forward by U.S. envoy Steve Witkoff, who represents President Donald Trump in Middle East diplomacy. The group said its reply includes a key demand: a complete end to the war.
The US Supreme Court has ruled that the Trump administration can temporarily end legal protections for more than 500000 migrants from Cuba, Haiti, Nicaragua, and Venezuela, exposing them to possible deportation.
A massive glacial landslide in southern Switzerland has buried the village of Blatten, formed a dangerous lake by blocking the River Lonza, and raised fears of flooding downstream as emergency crews monitor the situation.
Saudi Arabia and Qatar will provide joint financial support for Syrian state employees, Saudi Foreign Minister Prince Faisal bin Farhan announced during a visit to Damascus, as regional efforts to support Syria’s reconstruction gain momentum.
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