President-elect Donald Trump is nearing a decision on who will lead the Treasury Department. Scott Bessent, a prominent investor, has emerged as a top contender, according to reports. Meanwhile, Fox Business host Larry Kudlow, who was earlier considered for the role, has withdrawn from the race. Kudlow, who served in a top economic role in Trump’s first administration, has signed a new deal with his network and doesn’t want to return to government.

This race for the Treasury spot is heating up, with Bessent and Cantor Fitzgerald CEO Howard Lutnick both vying for the job. Their supporters are campaigning hard, creating tension that’s not pleasing Trump. Other potential candidates include Robert Lighthizer, the former U. S. trade representative, and Apollo Global Management CEO Marc Rowan, who recently met with Trump.

Trump is still weighing his options and is expected to make a decision soon. Whoever he chooses for the Treasury Department is likely to be considered for other top economic roles if they miss out on this one.

Trump’s Top Economic Spot: Who’s in the Running?

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