Trump picks billionaire Stephen Feinberg to be deputy defense secretary

Reuters|
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U.S. President-elect Donald Trump said on Sunday he would nominate billionaire investor Stephen Feinberg to serve as deputy secretary of defense.
Feinberg 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.
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