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‘America is going bankrupt’: Elon Musk issues a warning as interest on US debt was equal to 76% of income tax collected in June — and is expected to exceed $1.14 trillion this year.
Musk added his own stark commentary: “America is going bankrupt btw.” Musk’s warnings are rooted in a troubling reality. The U.S. national debt stands at $35.3 trillion — and continues to ...
Tesla's 70% year-to-date share price surge comes after Musk, who is the founder of SpaceX and owner of X, was named the co-leader of the Department of Government Efficiency, or D.O.G.E.
The rising odds of a shutdown came after a deal to avert a government stoppage fell apart dramatically on Wednesday afternoon amid opposition from Elon Musk followed by President-elect Donald Trump.
Namely: This week, the duo told Congress that through their advisory board, the Department of Government Efficiency (DOGE), they’ll reduce “government waste” by $2 trillion.
Elon Reeve Musk (/ ˈ iː l ɒ n /; born June 28, 1971) is a businessman known for his key roles in the space company SpaceX and the automotive company Tesla, Inc. His other involvements include ownership of X Corp., the company that operates the social media platform X (formerly Twitter), and his role in the founding of the Boring Company, xAI, Neuralink, and OpenAI.
Elon Musk speaks with U.S. President-elect Donald Trump at a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas.
Before the election, U.S. officials and former officials stated that foreign interference in the 2024 election was likely. Three major factors cited were "America's deepening domestic political crises, the collapse of controversial attempts to control political speech on social media, and the rise of generative AI". [86]