Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Trump mulls new Treasury options, Commerce pick President-elect Trump is expanding his search for a Treasury secretary as jockeying to fill the key economic role has spilled into public view. © AP Photo/Alex Brandon In recent weeks, it appeared investor Scott Bessent was the front-runner for the role.   But while he has visited Mar-a-Lago multiple times in recent weeks, billionaire Elon Musk, Trump's "buddy in chief," advocated over the weekend for Howard Lutnick, the Cantor Fitzgerald head who is co-leading Trump’s transition team. The search has since expanded. Trump is also considering Apollo Global Management co-founder Marc Rowan and former Federal Reserve governor Kevin Warsh for the job, a source close to the transition confirmed to The Hill. Whoever the president-elect picks will be tasked with implementing key campaign promises including extending tax cuts set to expire next year and imposing tariffs on imports, a central to Trump's economic pitch to voters despite concerns from economists. “All these guys will be OK with tax cuts and reassuring the markets,” said one source close to the transition. “But he wants somebody that is a true believer in what he thinks on tariffs, and…there’s no proof for these people being pro-tariff 18 months ago or 36 months ago.” The Treasury secretary contest had largely played out behind closed doors until this weekend, when Musk posted on X that Bessent would be a “business-as-usual” choice.   “Business-as-usual is driving America bankrupt, so we need change one way or another,” Musk wrote, encouraging others to weigh in with their opinions. The Hill's Brett Samuels has more here.   Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.   Did someone forward you this newsletter? Subscribe here.   Essential Reads  Key business and economic news with implications this week and beyond:   5 things to know about Trump’s FCC pick  President-elect Trump has tapped Brendan Carr to be the next chair of the Federal Communications Commission (FCC), teeing the agency up for a likely clash with Big Tech and media companies he has accused of “censoring” conservative views.    Full Story   Plastic bag bans can sometimes backfire: Study Policies aimed at curbing the use of single-use plastic bags have sometimes accomplished the opposite of their intentions, a new study has found.  Full Story   DC lobbying giant adds Florida firepower An influential Florida lobbyist is joining one of Washington’s biggest lobbying firms, a powerful addition as the Sunshine State is poised to play an outsized role in the incoming Trump administration.  Full Story   The Ticker  Upcoming news themes and events we're watching: The Senate Judiciary Committee holds a hearing on breaking up the "Visa-Mastercard duopoly" Tuesday at 10 a.m. ET.   In Other News  Branch out with more stories from the day: US to add features such as blind spot warnings and pedestrian detection to vehicle crash ratings DETROIT (AP) — The U.S. government’s automobile safety ratings will get a major update starting … Full Story   Good to Know  Business and economic news we've flagged from other outlets: NBA, Warner Bros. Discovery agree to settle lawsuit over live game rights (CNBC) Brendan Carr wrote the FCC chapter in ‘Project 2025.’ Now he’s Trump’s pick for the agency (CNN) How Kamala Harris Burned Through $1.5 Billion in 15 Weeks (The New York Times)   What Others are Reading  Top stories on The Hill right now: The Trump administration’s next target: naturalized US citizens  It appears that President-elect Donald Trump intends to keep his campaign promise to begin deporting at least 15 million people who, he claims, have been “poisoning the blood” of our country. By at least one estimate, it will be virtually impossible — logistically and financially — … Read more Pennsylvania Supreme Court rebukes Democratic election officials who counted undated mail ballots The Pennsylvania Supreme Court on Monday rebuked Democratic-controlled elections boards that counted undated and misdated mail ballots, siding with Republicans and reiterating that such votes are invalid.  Read more   What People Think  Opinion related to business and economic issues submitted to The Hill: Government fraud is America’s biggest scam. Stopping it is key to our future.      You're all caught up. See you tomorrow!  Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Business and Economy newsletter Subscribe