Lutnick is stepping down as head of investment bank Cantor Fitzgerald as he prepares to head the Commerce Department.

President-elect Donald Trump's Treasury Secretary pick Scott Bessent told Congress on Thursday, referring to Wall Street billionaire Howard Lutnick's plan to clear Treasury futures through a UK firm.

The Senate has confirmed Marco Rubio as secretary of state, giving President Donald Trump the first member of his Cabinet. The vote was unanimous.

Trump’s pick to lead the Central Intelligence Agency is John Ratcliffe, who formerly served as Director of National Intelligence in Trump’s first term. His confirmation hearing took place last week, during which he repeatedly said he would not hire or fire employees based on their political views.

Billionaires, foreign leaders, Cabinet picks, governors and lawmakers have converged on the president-elect’s Palm Beach estate.

DEI — As the administration unwinds diversity initiatives at federal agencies, Big Banks “are in the crosshairs of right-leaning activist groups privately pushing them to abandon or shrink their diversity, equity and inclusion efforts,” per The WSJ’s AnnaMaria Andriotis Follow and Alexander Saeedy.

A slate of President Trump’s Cabinet nominees have appeared before senators in recent days for key hearings on their road to confirmation. Sen. Marco Rubio (R-Fla.) was the first to be confirmed,

President Trump is tapping a number of officials to serve as acting department heads as he waits for the Senate to confirm his Cabinet nominees. While some acting heads will only serve for a short

Republicans and Democrats were in talks to reach an agreement to allow swift confirmation of Marco Rubio as Donald Trump's secretary of state.

Agriculture Department: Gary Washington, a career official who currently serves as the USDA’s chief information officer. Brooke Rollins, a former Trump administration official, is currently awaiting confirmation to be the department’s secretary and will testify at hearing on Jan. 23.

As Donald Trump returns to the White House on January 20, Republicans will have a majority in the Senate. This means that his Cabinet nominees will likely face an easier path to confirmation, even for those who may have surrounded themselves with controversies.

The private equity entrepreneur could take the job as the agency looks to release control of Fannie Mae and Freddie Mac.