Billionaire financier Howard Lutnick, President Donald Trump’s choice to lead the Commerce Department, said Wednesday that he would sell all of his business holdings within 90 days.

Howard Lutnick, chairman and CEO of investment firms Cantor Fitzgerald and BGC Group, told the U.S. Senate Committee on Commerce, Science and Transportation that he would divest “all of my interests, my business interests, all of my assets, everything.”

Democrats are looking to exploit the Commerce secretary nominee’s vast wealth and financial entanglements at his confirmation hearing Wednesday.

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Howard Lutnick, President Donald Trump’s pick to run the Commerce Department, said in his Senate hearing that he plans to sell all his business stakes if confirmed and for the first time acknowledged a bond his firm has with a controversial cryptocurrency client.

Commerce Secretary nominee Howard Lutnick defended Tether in a Senate hearing, arguing AI will "rid the world of criminals" using blockchain.

The billionaire Wall Street CEO fielded questions about tariffs, China's AI progress, broadband access, allegiance to Trump and the revival of American mining and semiconductor production.

The Commerce Secretary nominee called the law “necessary and important,” but stopped short of committing to honor the billions of dollars in finalized grant contracts.

President Trump’s pick to lead the Commerce Department assured senators on Wednesday he won’t try to dismantle the nation’s climate, oceans and weather science agency during a largely genial

Less than two weeks into his second term, President Trump may be poised to deploy steep tariffs against key U.S. trading partners.

Commerce secretary nominee Howard Lutnick shot down Project 2025's recommendations to break up the National Oceanic and Atmospheric Administration. Why it matters: Project 2025, a governing blueprint that President Trump distanced himself from on the campaign trail but has since tapped into for ideas and personnel,