The billionaire investor, 68 said he would work wth Musk “to reduce federal spending” in what will be seen as an overt bid to lobby for the job of Treasury Secretary
The billionaire investor — who famously made a killing in the 2008 financial crisis with a $3 billion bet against bad home loans — said he would work with the owner of the X social media platform, formerly known as Twitter, “to reduce federal spending”.
It left a $1.38 trillion black hole in Uncle Sam’s accounts. Budget deficits – the gap between spending and income each year – can push up interest rates and slow economic growth.Whoever becomes the next Treasury secretary will be Trump’s point person between lawmakers, Wall Street and business leaders.
He is also a trustee of the Manhattan Institute, a conservative-leaning think tank whose chairman is fellow Wall Street executive Paul Singer, the founder of activist investment firm Elliott Management.
Donald Trump Elon Musk Howard Lutnick John Paulson Kamala Harris Wall Street White House
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