President-elect Donald Trump has been actively working on selecting his Cabinet members for his second term, with some key positions still awaiting appointments. According to sources, Trump has broadened his search for Treasury secretary candidates due to disagreements among his top choices.
Among the contenders are Kevin Warsh, a former Federal Reserve Board of Governors member with a background in investment banking, and Marc Rowan, a billionaire and cofounder of Apollo Global Management, a private equity firm. The Treasury secretary position holds significant appeal for Wall Street donors, making the selection process crucial.
The decision-making process has been complicated by conflicts between hedge fund manager Scott Bessent and Cantor Fitzgerald chief executive Howard Lutnick, who is also involved in the Trump transition team. This internal discord led to Trump postponing the announcement of his Treasury secretary pick, which was initially expected to be made public last Friday after the markets closed.
Aside from the Treasury secretary role, there are several other key positions in the Cabinet that remain vacant. These include Agriculture secretary, Commerce secretary, Labor secretary, Housing and Urban Development secretary, and Education secretary. Trump's choices for these positions are eagerly anticipated as they will play crucial roles in shaping policies and decisions affecting various sectors of the government.
