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flag President-elect Trump nominates defense industry investor Stephen Feinberg as deputy secretary of defense.

flag President-elect Donald Trump has nominated billionaire investor Stephen Feinberg as deputy secretary of defense. flag Feinberg, co-CEO of Cerberus Capital Management, has ties to the defense industry and previously served on an intelligence advisory board during Trump's first term. flag Trump also nominated Elbridge Colby as undersecretary of defense for policy. flag Both nominations come as Trump's choice for defense secretary, Pete Hegseth, faces confirmation challenges due to allegations of sexual misconduct and substance abuse.

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