Billionaire Stephen Feinberg Wields Power in Trump's Pentagon

Stephen Feinberg, the billionaire founder of Cerberus Capital Management, has gained significant influence over US military spending as deputy secretary of defense since March 2025. Despite his power, Feinberg remains media-shy, avoiding public appearances and not testifying before Congress since his confirmation. His boss, Defence Secretary Pete Hegseth, contrasts sharply with his reclusive nature.

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