Page 41 - Elon Musk

Is Elon Musk taking over the US govt: Here's how state capture works

Musk's aim could be to capture different pieces of the US government and turn the state into a tool for wealth extraction

Elon Musk, other Trump allies ratchet up a rhetoric against US judiciary

Musk took to his X social media platform to attack the judge who ordered US health agencies to temporarily restore websites they took offline in response to an executive order by Trump

Tackling debt: Trump 2.0 actions, inactions to revive the US economy

Trump told reporters that the effort to slash spending could cut $1 trillion from the federal budget, which totaled $6.75 trillion in the most recent fiscal year

Elon Musk appears at WH defending DOGE's work but acknowledging mistakes

President Donald Trump's most powerful adviser, Elon Musk, made a rare public appearance at the White House on Tuesday to defend the swift and extensive cuts he's pushing across the federal government while acknowledging there have been mistakes and will be more. Musk stood next to the Resolute Desk with his young son as Trump praised Musk's work with his Department of Government Efficiency to slash spending and as the president signed an executive order to continue downsizing the federal workforce. Despite concerns that he's amassing unaccountable power with little transparency, Musk described himself as an open book. He joked that the scrutiny over his sprawling influence over federal agencies was like a daily proctology exam. Despite Musk's pledge to be maximally transparent, the White House on Tuesday fired the inspector general for the U.S. Agency for International Development, a day after the watchdog's office warned that the DOGE-directed dismantling of USAID had made it all

President Trump directs federal job cuts as Musk defends downsizing

Agencies will be permitted to hire no more than one employee for every four workers leaving the government, the document said

Elon Musk's bid to control OpenAI complicates for-profit transition

Musk, who has since launched a rival AI firm, has fired off angry posts about Altman on his social media platform, filed two lawsuits against the company for straying from its founding principles

Starlink got $1 mn from USAID over 4 yrs, now Musk is shutting it down

US President Donald Trump has frozen billions in international aid, leaving USAID-funded projects, including Starlink deployments, in limbo

'Swindler, Scam Altman': Musk hits back after OpenAI buyout rejection

A consortium of investors, led by Elon Musk, had made an unsolicited bid of $97.4 billion to purchase the non-profit overseeing OpenAI

Why Kanye West's social posts led to his X account deletion by Elon Musk

Kanye West's X account was deleted after a series of controversial posts, including anti-Semitic remarks and explicit content. Elon Musk confirmed the account was removed due to NSFW content

Judge set to rule on Justice dept's demand for Musk's access to Treasury

A federal judge is likely to quickly decide whether to grant Justice Department demands that Elon Musk's Department of Government Efficiency be allowed to immediately resume accessing Treasury Department records containing personal data for millions of Americans. Judge Jeannette A Vargas had ordered lawyers to meet and confer over any changes needed to an order issued early Saturday by another Manhattan judge that banned Musk's team from accessing the records and to file written arguments if an agreement was not reached. If unchanged, the order will remain in effect until a Friday hearing. Lawyers resumed filing their arguments late Monday, leaving it to the judge to rule on the federal government's request that access to the records be immediately restored on the grounds that it was unconstitutional to block Musk's work. Vargas required both sides to complete submissions in time for her to rule as early as Tuesday. On Friday, 19 Democratic attorneys general, including New York ...

Morgan Stanley sets $3 billion X loan to tap into Elon Musk mania

The sales mark a surprising turnaround for what had initially been seen as an ill-fated financing of Musk's 2022 takeover of Twitter Inc., as the site was then called

Labour unions sue to block DOGE access to private info at US agencies

A coalition of labor unions filed a lawsuit Monday asking a federal court to stop Elon Musk's team from accessing private data at the Education Department, the Treasury Department and the Office of Personnel Management. The suit, led by the American Federation of Teachers, alleges the Trump administration violated federal privacy laws when it gave Musk's Department of Government Efficiency access to systems with personal information on tens of millions of Americans without their consent. It was filed in federal court in Maryland. It's the latest in a flurry of legal challenges to Musk's growing influence over federal agencies he has promised to slash or dismantle. A federal judge in New York blocked Musk's team from a Treasury Department system on Saturday after 19 Democratic attorneys general sued over privacy concerns. Also Monday, DOGE cut about $900 million in Education Department contracts after concluding they were a waste of taxpayer money, a department spokesperson said. The

Musk-led group proposes to buy OpenAI for $97.4 bn; Altman says 'no'

A group of investors led by Elon Musk is offering about $97.4 billion to buy OpenAI, escalating a legal dispute with the artificial intelligence company that Musk helped found. Musk and his own AI startup, xAI, and a consortium of investment firms want to take control of the ChatGPT maker and revert it to its original charitable mission as a nonprofit research lab, according to Musk's attorney Marc Toberoff. OpenAI CEO Sam Altman quickly rejected the deal on Musk's social platform X, saying, no thank you but we will buy Twitter for $9.74 billion if you want. Musk bought Twitter, now called X, for $44 billion in 2022. Musk and Altman, who together helped start OpenAI in 2015 and later competed over who should lead it, have been in a long-running feud over the startup's direction since Musk resigned from its board in 2018. Musk, an early OpenAI investor and board member, sued the artificial intelligence company last year, first in a California state court and later in federal court,

Tesla robotaxis by June? Musk turns to Texas for hands-off regulation

Such comments often leave investors guessing what Tesla will actually deliver, and when, said Brian Mulberry, client portfolio manager at Zacks Investment Management, a Tesla investor

Trump suggests potential fraud behind US debt lower than expected

Trump has tasked Elon Musk with an ambitious overhaul of the federal government, sparking street protests in Washington and accusations that the Trump administration is breaking the law

Who is Aravind Srinivas, CEO who challenged Elon Musk over USAID funding

Aravind Srinivas recently challenged Elon Musk to stop him from raising $500 billion from USAID. The post comes amid calls to shut down the federal agency

British MP slams Bengali signage at London station, Elon Musk backs stance

Rupert Lowe, MP for Great Yarmouth and a member of Reform UK, shared a photograph of the sign featuring both English and Bengali on his official X account

Donald Trump's early presidency receives positive marks, shows CBS poll

A new CBS poll shows President Trump's early term is receiving positive feedback for his immigration policies, but inflation and rising prices remain a significant concern for many Americans

Trump suggests Musk's DOGE found irregularities in effort at Treasury

Musk's DOGE has sought access to Treasury Department payments data, but Musk's statements on social media have largely concerned payments to contractors and grant recipients, not bondholders

Vance, Musk question authority of courts as Trump's agenda faces pushback

Top Trump administration officials are openly questioning the judiciary's authority to serve as a check on executive power as the new president's sweeping agenda faces growing pushback from the courts. Over the past 24 hours, officials ranging from billionaire Elon Musk to Vice President JD Vance have not only criticized a federal judge's decision early Saturday that blocks Musk's Department of Government Efficiency from accessing Treasury Department records, but have also attacked the legitimacy of judicial oversight, a fundamental pillar of American democracy, which is based on the separation of powers. If a judge tried to tell a general how to conduct a military operation, that would be illegal. If a judge tried to command the attorney general in how to use her discretion as a prosecutor, that's also illegal. Judges aren't allowed to control the executive's legitimate power, Vance wrote on X on Sunday morning. That post came hours after Musk said overnight that the judge who rule