Democrat senators press Commerce Secretary Lutnick on conflict of interest concerns in USA Rare Earth deal

Democratic senators flagged conflict of interest concerns over the involvement of Commerce Secretary Howard Lutnick's former firm Cantor Fitzgerald in a deal with critical minerals startup USA Rare Earth.

Senators Elizabeth Warren of Massachusetts, Chris Van Hollen of Maryland, and Ron Wyden of Oregon, the top Democrat on the Finance Committee, said in a letter obtained by CNBC that the deal raises questions about whether Lutnick's immediate family members may have benefited financially.

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