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White House reviews candidates to replace Deputy Secretary of Defense Feinberg, sources say

Created at 5 Sep · 2:21 AM1 source↑ Market-relevant
IN SHORT

The White House has reviewed candidates to potentially replace Deputy Secretary of Defense Steve Feinberg, three sources familiar with the discussions told Reuters. The review was ongoing as of late August, though no decision has been made to remove Feinberg. The White House and Pentagon have denied the reports.

Key Numbers

six-month-oldduration of Iran war

Who's Involved

Steve Feinberg
Deputy Secretary of Defense, co-founder of Cerberus Capital Management
Anna Kelly
White House spokeswoman
Pete Hegseth
Secretary of Defense
Donald Trump
President of the United States
Elizabeth Warren
Democratic U.S. Senator
Sean Parnell
Chief Pentagon spokesman
Cerberus Capital Management
Private equity firm
White House reviews candidates to replace Deputy Secretary of Defense Feinberg, sources say

↳ Why This Matters

The potential departure of a senior Pentagon official like Deputy Secretary Feinberg amid ongoing military operations and a strained defense industrial base could signal significant shifts in U.S. defense policy and leadership, impacting munitions production and military readiness.

Key facts

  • The White House has reviewed candidates to potentially replace Deputy Secretary of Defense Steve Feinberg.
  • The review was ongoing as of late August, according to sources.
  • White House spokeswoman Anna Kelly denied the reports, calling them 'fake news'.
  • Secretary of Defense Pete Hegseth stated Feinberg has his full support.
  • Feinberg's task of accelerating munitions production has been complicated by slow congressional funding.
  • Senator Elizabeth Warren has raised concerns about potential conflicts of interest between Feinberg and his former firm Cerberus.

The White House has been reviewing candidates to potentially replace Deputy Secretary of Defense Steve Feinberg, three sources familiar with the discussions told Reuters. This effort, which was underway in June and still ongoing as of late August, suggests further leadership changes at the Pentagon, which has already experienced significant staff turnover.

White House spokeswoman Anna Kelly denied the reports, stating the anonymous sources were misinformed. Secretary of Defense Pete Hegseth affirmed his full support for Feinberg, stating he is "doing a tremendous job." The Pentagon also denied that a process to replace Feinberg was underway.

Feinberg, the billionaire co-founder of private equity firm Cerberus Capital Management, was appointed by President Trump last year with a mandate to accelerate U.S. munitions production. However, analysts note that the U.S. industrial base has struggled to ramp up production, a task complicated by slow congressional appropriations.

President Trump has reportedly expressed frustration with the lack of progress in the six-month-old war in Iran, which has become a costly standoff. According to a Washington Post report, Hegseth blamed Feinberg for shrinking stockpiles of key munitions, a claim the White House has labeled "fake news." The Pentagon spokesman stated Hegseth did not mislead anyone or blame Feinberg.

Feinberg has also faced scrutiny from Senator Elizabeth Warren regarding potential conflicts of interest between his role at the Pentagon and his former firm, Cerberus, particularly concerning the Golden Dome missile defense program. The Pentagon has stated that Feinberg has divested from Cerberus and recused himself from any related matters.

Frequently asked questions

Steve Feinberg is the Deputy Secretary of Defense and the billionaire co-founder of private equity firm Cerberus Capital Management.

Feinberg's primary task has been to accelerate U.S. munitions production and rebuild the Defense Industrial Base.

The Iran war, which has been ongoing for six months, has settled into a costly standoff between the U.S. and Iran.

Yes, Army Secretary Dan Driscoll resigned this week, and Navy Secretary John Phelan and several senior Army leaders have also departed in recent months.

What Happens Next

01The White House may make a decision regarding Feinberg's position.

How It Developed

The White House has reviewed candidates to potentially replace Deputy Secretary of Defense Steve Feinberg.
The review was underway in June and ongoing as of late August.
White House spokeswoman Anna Kelly denied the reports, stating the sources have no idea what they are talking about.
Secretary of Defense Pete Hegseth stated Feinberg has his full support and is not going anywhere.
Feinberg, co-founder of Cerberus Capital Management, has been tasked with accelerating U.S. munitions production.
President Trump has expressed frustration with the progress of the six-month-old Iran war.
Hegseth reportedly blamed Feinberg for shrinking stockpiles of long-range guided missiles and air-defense interceptors.
The White House called the report of Hegseth blaming Feinberg 'fake news'.

Sources

T1
Exclusive-White House reviews candidates to replace Hegseth deputy Feinberg, sources sayReuters

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