Treasury Turf War

Donald Trump is exploring the possibility of appointing Larry Kudlow, Fox Business Network host and former National Economic Council (NEC) director, to a key economic policy position in his administration, sources familiar with the situation revealed. This comes as Trump grows increasingly frustrated with the fierce competition among contenders for top-tier roles.

Kudlow recently met with Trump at Mar-a-Lago, Trump’s private Florida retreat, sparking speculation about his potential return to government. Advisers close to Trump view Kudlow as a strong candidate for positions such as Treasury Secretary or a renewed stint leading the NEC.

At 77, Kudlow remains a vocal advocate for Trump’s economic agenda. Since leaving the White House, he has become a fixture on Fox Business, using his platform to champion policies aligned with Trump’s vision. His consistent support and close communication with Trump have boosted his standing within Trump’s circle. According to insiders, allies of Kudlow have been directly lobbying Trump to reinstate him in the administration.

Trump’s selection process has been complicated by a “cold war,” as one adviser described, between two prominent candidates for Treasury Secretary: Howard Lutnick, CEO of Cantor Fitzgerald, and investor Scott Bessent. Both men have actively campaigned for the position, with their respective allies engaging in public and private advocacy. This high-stakes rivalry has reportedly tested Trump’s patience and delayed his decision-making.

In addition to Kudlow, names like Robert Lighthizer, Trump’s former U.S. Trade Representative, and Marc Rowan, CEO of Apollo Global Management, have surfaced for significant economic roles. Rowan, who met Trump before the election, discussed economic strategy but hasn’t had follow-up meetings since Trump’s win.

Advisers likened the ongoing deliberations to a game of musical chairs, with candidates potentially filling other top roles based on Trump’s final choice for Treasury. Meanwhile, Trump is also nearing a decision for Commerce Secretary, with former Small Business Administration head Linda McMahon emerging as a leading contender. However, as of Thursday night, no final decisions had been made.