“Billionaire hedge fund manager Scott Bessent was all but certain to be named Treasury secretary in President-elect Donald Trump’s new administration Tuesday morning, but his appointment now hangs in the balance as another contender is making a last-ditch effort to land the job,” Fox Business reports. “The contender – CEO of investment bank Cantor Fitzgerald and Trump’s transition co-chair Howard Lutnick – is said to be ‘campaigning hard’ behind the scenes to get the coveted role over Bessent, stalling any announcement.”