Trump picks billionaire Stephen Feinberg to be deputy defense

23 December 2024

Trump picks billionaire Stephen Feinberg to be deputy defense secretary

11:57 23 December 2024 Read: 421

Trump picks billionaire Stephen Feinberg to be deputy defense secretary

US President-elect Donald Trump said he would nominate billionaire investor Stephen Feinberg to serve as deputy secretary of defense, AzVision.az reports, citing Reuters.

Feinberg is the co-chief executive of Cerberus Capital Management LP, a private equity firm that has invested in defense contractors. 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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