Elon Musk has become deeply embedded in U.S. president Donald Trump’s White House after declaring a U.S. “financial emergency" while on the campaign trail.

(Reuters) -Chinese state-sponsored hackers breached the U.S. Treasury Department's computer security guardrails this month and stole documents in what Treasury called a "major incident," according to a letter to lawmakers that Treasury officials provided to Reuters on Monday.

Rumors have surfaced suggesting that BlackRock CEO Larry Fink could be appointed as the next Treasury Secretary if former President Donald Trump returns to office. This speculation has generated considerable buzz in financial circles, with many anticipating a significant impact on the markets.

US Treasuries may face renewed selling pressure into the new year if the nation’s swelling debt repayment bill is any guide.