By Andrew Restuccia and Brian Schwartz
WASHINGTON -- Donald Trump is expected to nominate veteran Wall Street financier Howard Lutnick to lead the Commerce Department, according to people familiar with the matter, elevating one of the financial world's most vocal supporters of the president-elect to a crucial position overseeing the incoming administration's economic agenda.
Lutnick, chief executive of the financial-services firm Cantor Fitzgerald, in recent months has become a close Trump ally and had been a top contender to lead the Treasury Department. As the co-chair of the president-elect's transition team, Lutnick has spent much of his time at Mar-a-Lago, Trump's private Florida club, poring over shortlists of candidates for positions in the administration.
Spokespeople for Lutnick and Trump's transition team didn't immediately respond to requests for comment. Punchbowl News earlier reported that Trump had chosen Lutnick.
Write to Andrew Restuccia at andrew.restuccia@wsj.com and Brian Schwartz at brian.schwartz@wsj.com
(END) Dow Jones Newswires
November 19, 2024 10:59 ET (15:59 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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