As commerce secretary, Howard Lutnick oversees the U.S. government’s vast efforts to monitor and predict the weather. The billionaire also ran a financial firm, which he recently left in the control of his adult sons, that stands to benefit if President Donald Trump's administration follows through on a decade-long Republican effort to privatize government weather forecasting. Deadly weekend flooding in central Texas has drawn a spotlight to budget cuts and staff reductions at the National Weather Service and the National Oceanic and Atmospheric Administration, two agencies housed within the Commerce Department that provide the public with free climate and weather data that can be crucial during natural disasters.