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Elon Musk agreed with an X post predicting how Trump's mass deportations and Musk's proposed $2 trillion cut to federal spending would play out. It would be a rough couple of years.
America is undeniably an economic powerhouse, but Tesla CEO Elon Musk — the richest person in the U.S. and the world — is sounding the alarm about its financial future. “The country is going ...
President Donald Trump appointed Elon Musk to lead the new Department of Government Efficiency (DOGE) to reduce government spending by up to $2 trillion by July 4, 2026. Read Next: If Trump...
The world’s wealthiest man appears to believe that a Donald Trump presidency must crash the economy in order to benefit Americans.. Elon Musk agreed on Tuesday that proposed drastic cuts to the ...
Musk has emphasized that cost savings are central to DOGE's mission, but labor costs are a small part of federal spending—between 4% and 5% of Uncle Sam’s budget. Payrolls are not where the ...
That message has emerged from former President Donald Trump’s wealthiest backer, Elon Musk, who says that the GOP nominee’s plans to put the U.S. on firmer fiscal footing would likely entail ...
Elon Reeve Musk (/ ˈ iː l ɒ n m ʌ s k /; born June 28, 1971) is a businessman and political figure known for his key roles in the automotive company Tesla, Inc. and the space company SpaceX. Since January 2025, he is serving as Administrator of the Department of Government Efficiency , under the second Donald Trump presidential ...
‘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