Sources: Trump will narrow down the selection of Treasury secretary this week
According to sources, Trump intends to narrow the list of candidates for U.S. Treasury secretary this week and favor someone with a Wall Street background for the job. The list of candidates for Treasury secretary includes Howard Lutnick, CEO of Construction Corporation, hedge fund billionaire John Paulson, former George Soros fund manager Scott Bessent and Glenn Youngkin, the governor of Virginia and a former Carlyle Group executive. According to sources, Bessent met with Trump at Mar-a-Lago on Friday, but the meeting was not an interview for the Treasury secretary position.
Trump's Wall Street allies have urged him to appoint someone with deep knowledge of the financial industry as Treasury secretary, and the Trump team has said they will follow that advice, according to people familiar with the matter. Robert Lighthizer, the United States trade representative in Trump's first term and the architect of the sweeping tariff proposal, is also a candidate for Treasury secretary. Lighthizer, who has begun planning tariffs involving China and the European Union, could end up in a broad White House role overseeing administration-wide trade policy, people familiar with the matter said.