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Trump picks billionaire Stephen Feinberg to be deputy defense secretary

By Reuters 23 December 2024, 12:39 am
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Stephen Feinberg on Capitol Hill in Washington, DC, December 11, 2008. (AP Photo/Haraz N. Ghanbari, File)
Stephen Feinberg on Capitol Hill in Washington, DC, December 11, 2008. (AP Photo/Haraz N. Ghanbari, File)

US President-elect Donald Trump says he will nominate billionaire investor Stephen Feinberg to serve as deputy secretary of defense.

Feinberg, who is Jewish, is the co-chief executive of Cerberus Capital Management LP, a private equity firm he co-founded in 1992. He served on an intelligence advisory board during Trump’s 2017-2021 White House term.

Feinberg would serve as the No. 2 official at the Pentagon under Trump’s choice for defense secretary, Pete Hegseth, a former Fox News host who faces questions about allegations of alcohol abuse and sexual misconduct. Hegseth has denied any wrongdoing.

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