Howard Lutnick took office today as the new Commerce Secretary, with Vice President JD Vance administering the oath in the Oval Office. Lutnick, the former CEO of Cantor Fitzgerald, outlined his priorities for his new role, emphasizing a commitment to balancing the budget and cracking down on waste, fraud, and abuse.
In his pre-swearing-in remarks, Lutnick expressed a strong vision for economic growth, vowing to propel the economy to unprecedented heights. He praised President Donald Trump's understanding of global business, highlighting the significance of having a seasoned businessman in the nation's top leadership.
The Commerce Secretary's responsibilities include championing US businesses and serving as a key negotiator in trade agreements and foreign investment initiatives. The Commerce Department oversees 13 bureaus, encompassing vital agencies such as the Census Bureau, the National Oceanic and Atmospheric Administration, and the Patent and Trademark Office.
