No Result
View All Result
  • Login
Monday, September 15, 2025
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

Elon Musk exits Trump administration after clash over ‘big beautiful bill’

by FeeOnlyNews.com
4 months ago
in Business
Reading Time: 3 mins read
A A
0
Elon Musk exits Trump administration after clash over ‘big beautiful bill’
Share on FacebookShare on TwitterShare on LInkedIn




Elon Musk’s time as a special government employee and “first buddy” to President Donald Trump has come to an end. In a post on X, the world’s richest man thanked Trump and praised the legacy of DOGE, saying it would become “a way of life throughout the government.”

Elon Musk has wrapped up his time with President Donald Trump’s administration. In a post on X, the billionaire Tesla CEO announced the end of his formal role as an unpaid special government employee with the Department of Government Efficiency (DOGE).

“As my scheduled time as a Special Government Employee comes to an end, I would like to thank President Donald Trump for the opportunity to reduce wasteful spending,” Musk wrote. “The DOGE mission will only strengthen over time as it becomes a way of life throughout the government.”

Musk in April had previously pledged to spend “a day or two per week on government matters for as long as the President would like me to do so, as long as it is useful” to assuage Tesla investors who wanted the CEO to focus on the electric vehicle manufacturer. At the time, Musk said he would have to soldier on with DOGE in order to keep the “waste and fraud” from reappearing.

“I’ll have to continue doing it,” Musk told Tesla investors and analysts during an earnings call. “I think we have the remainder of the President’s term just to make sure that the waste and fraud that we stopped does not come roaring back, which it’ll do if it has the chance.” 

However, some noted the timing seemed to coincide with a CBS News interview teased yesterday, in which Musk said that he was disappointed in Trump’s ‘Big, Beautiful Bill’ and that it “undermines the work that the DOGE team is doing.” 

“I think a bill can be big or it can be beautiful, I don’t know if it can be both,” Musk said during the interview. 

As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending. The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.

— Elon Musk (@elonmusk) May 29, 2025

Trump’s legislative agenda includes a sweeping package of major tax cuts, stricter medicaid and food-assistance requirements, and more than $45 billion in spending on immigration and border security in addition to $150 billion in new defense spend.

Musk endorsed Trump in July 2024, right after an assasination attempt on Trump, and later Musk reportedly committed around $45 million a month to a new pro-Trump super PAC called America PAC. 

After the election, Trump announced that Musk and former presidential candidate rival Vivek Ramaswamy would lead a new “Department of Government Efficiency” (DOGE). Musk called himself the “First Buddy” and President-Elect Trump joked that he “couldn’t get rid of” Musk and that “Elon won’t go home.” 

Under Musk, DOGE claimed to have saved over $160 billion – far lower than the $1 trillion that Musk initially aimed to save in government waste. The DOGE team pushed for the departures and retirements of thousands of federal workers and cut spending on foreign food and medical aid. 

A New York Times analysis found that nearly 60,000 federal positions had been cut and another 76,000 had taken buyouts, while there are planned reductions of nearly 150,000 more. 

This story was originally featured on Fortune.com



Source link

Tags: AdministrationBeautifulbigbillclashElonExitsMuskTrump
ShareTweetShare
Previous Post

Can Refinancing Really Save You Money on Your Mortgage?

Next Post

Nvidia’s CEO blasted a Trump rule costing the chipmaker $10.5 billion in lost revenue while praising Trump’s ‘bold vision’ on the earnings call minutes later

Related Posts

Australia’s financial regulator slaps a 0 million fine on ANZ, its largest ever on a single entity

Australia’s financial regulator slaps a $160 million fine on ANZ, its largest ever on a single entity

by FeeOnlyNews.com
September 15, 2025
0

Australia’s ANZ, one of the country’s “big four” banks, has agreed to pay a record fine of $240 million Australian...

Construction begins on Israel’s tallest residential tower

Construction begins on Israel’s tallest residential tower

by FeeOnlyNews.com
September 15, 2025
0

Israel's tallest residential tower will be built in the heart of Ramat Gan's Diamond Exchange district. Ramat Ran Municipality...

Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

by FeeOnlyNews.com
September 14, 2025
0

After nearly a year of time correction and muted returns, Kotak Mutual Fund’s Atul Bhole believes the stock market’s risk-reward...

Dollar steadies ahead of Fed meeting

Dollar steadies ahead of Fed meeting

by FeeOnlyNews.com
September 14, 2025
0

The dollar held steady on Monday ahead of a pivotal week filled with central bank decisions led by the Federal...

Trump says he doesn’t want to ‘frighten off’ foreign investment after ICE raid on Korean plant

Trump says he doesn’t want to ‘frighten off’ foreign investment after ICE raid on Korean plant

by FeeOnlyNews.com
September 14, 2025
0

President Donald Trump on Sunday said foreign workers sent to the United States are “welcome” and he doesn’t want to...

Explainer-What is “involution”, China’s race-to-the-bottom competition trend?

Explainer-What is “involution”, China’s race-to-the-bottom competition trend?

by FeeOnlyNews.com
September 14, 2025
0

By Casey Hall SHANGHAI (Reuters) -China's leaders have pledged to put an end to aggressive price cuts by some Chinese...

Next Post
Nvidia’s CEO blasted a Trump rule costing the chipmaker .5 billion in lost revenue while praising Trump’s ‘bold vision’ on the earnings call minutes later

Nvidia's CEO blasted a Trump rule costing the chipmaker $10.5 billion in lost revenue while praising Trump's 'bold vision' on the earnings call minutes later

Motley Fool Stock Advisor vs. Seeking Alpha Alpha Picks

Motley Fool Stock Advisor vs. Seeking Alpha Alpha Picks

  • Trending
  • Comments
  • Latest
1 Stock to Buy, 1 Stock to Sell This Week: Walmart, Target

1 Stock to Buy, 1 Stock to Sell This Week: Walmart, Target

August 17, 2025
Of Property Rights, Civil Society, and Shampoo

Of Property Rights, Civil Society, and Shampoo

September 1, 2025
Engine Capital takes a stake in Avantor. Activist sees several ways to create value

Engine Capital takes a stake in Avantor. Activist sees several ways to create value

August 16, 2025
James Galbraith: Crash in Top Economist Hiring Contradicts Elite-Favoring “Skill Biased Technical Change” Theory

James Galbraith: Crash in Top Economist Hiring Contradicts Elite-Favoring “Skill Biased Technical Change” Theory

September 2, 2025
Vanguard reaches .5M SEC settlement

Vanguard reaches $19.5M SEC settlement

August 29, 2025
RBC wealth revenue rises despite recruiting costs

RBC wealth revenue rises despite recruiting costs

August 27, 2025
5 fintechs that could IPO after Klarna

5 fintechs that could IPO after Klarna

0
Leerink Partners Remains Bullish on Merck & Co. (MRK)

Leerink Partners Remains Bullish on Merck & Co. (MRK)

0
Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

0
Hoisted from Comments: “Nuclear Waste Is a Myth the US Promoted….”

Hoisted from Comments: “Nuclear Waste Is a Myth the US Promoted….”

0
UK Trade Groups Push for Blockchain Inclusion in Tech Deal With U.S.

UK Trade Groups Push for Blockchain Inclusion in Tech Deal With U.S.

0
Could a “Money Date” Save Your Marriage More Than Counseling?

Could a “Money Date” Save Your Marriage More Than Counseling?

0
5 fintechs that could IPO after Klarna

5 fintechs that could IPO after Klarna

September 15, 2025
Australia’s financial regulator slaps a 0 million fine on ANZ, its largest ever on a single entity

Australia’s financial regulator slaps a $160 million fine on ANZ, its largest ever on a single entity

September 15, 2025
Hoisted from Comments: “Nuclear Waste Is a Myth the US Promoted….”

Hoisted from Comments: “Nuclear Waste Is a Myth the US Promoted….”

September 15, 2025
Construction begins on Israel’s tallest residential tower

Construction begins on Israel’s tallest residential tower

September 15, 2025
Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

September 14, 2025
Ethereum Price Pullback Limited – Support Levels Could Spark Upside Again

Ethereum Price Pullback Limited – Support Levels Could Spark Upside Again

September 14, 2025
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • 5 fintechs that could IPO after Klarna
  • Australia’s financial regulator slaps a $160 million fine on ANZ, its largest ever on a single entity
  • Hoisted from Comments: “Nuclear Waste Is a Myth the US Promoted….”
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.