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The New Republic
The New Republic
US · 1 hrs ago
Democrats Investigate Howard Lutnick Over $1.6 Billion Deal
Commerce Secretary Howard Lutnick’s old firm recently cut a $1.6 billion rare earth metals deal, and Democrats in Congress are investigating his role in the apparent conflict of interest.  Bloomberg reports that the deal, finalized last month, likely paid off for Lutnick’s two sons, who took over Cantor Fitzgerald after their father left to join the Trump administration. The financial services company served as a placeholder agent for the deal between the Department of Commerce and USA Rare Eart
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