Donald Trump once again won the US presidency, with the support of Elon Musk
The world’s richest man, whom Trump previously referred to as “the greatest cutter” for his resolute attitude to cost-cutting, managing strikes, and labor cutbacks, has endorsed and supported Donald Trump, helping him win the US president once again.
According to Bloomberg, Elon Musk, who has a net worth of $290 billion based on the Bloomberg Billionaires Index, gave at least $119 million to Trump’s campaign and showed his support on his social media site X, which was once Twitter.
The important thing to remember is that Musk may have a new position in the government. At the Trump event held at Madison Square Garden in New York, he boldly declared that he could reduce the federal budget by at least $2 trillion.
Trump later unveiled fresh ideas for Musk’s special role. He said that Musk would serve as the “Secretary of Cost-Cutting” in a government efficiency panel he would establish. However, Musk personally promoted this notion.
“A comprehensive financial and performance audit of the entire federal government will be the responsibility of the efficiency commission,” Trump said.
According to him, taxpayers lost hundreds of billions of dollars as a result of fraud and incorrect payments alone. He went on to say that in order to save “trillions of dollars,” the committee would suggest “dramatic reforms” to prevent fraud and inappropriate payments in six months.
The investigation noted Musk’s many commercial interests, his firms’ relationships with the government, and—most importantly—his disputes with regulators, suggesting that it may not be simple for him to be a part of this. In addition, the job needs be approved by Congress.
Investors in his firms, however, may be more open to a part-time advising or commission position, since they believe he can sway laws and regulations to their advantage.
This is because, according to an NBC News article, Musk has been involved in at least 19 different legal disputes with the Biden administration and federal agencies, 10 of which are still pending.
