The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Politics

President Trump teases ‘last day, but not really’ for Elon Musk at DOGE: Oval Office presser set for Friday

by admin May 30, 2025
May 30, 2025
President Trump teases ‘last day, but not really’ for Elon Musk at DOGE: Oval Office presser set for Friday

Elon Musk is finishing his official role in the Trump administration, but if President Trump’s latest Truth Social post is any indication, the billionaire isn’t going far.

‘I am having a Press Conference tomorrow at 1:30 P.M. EST, with Elon Musk, at the Oval Office,’ Trump posted Thursday. ‘This will be his last day, but not really, because he will, always, be with us, helping all the way. Elon is terrific!’

Musk’s government service will end May 30, the legal 130-day limit for his ‘special government employee’ designation. He was appointed in January to head the Department of Government Efficiency (DOGE), created by executive order on Inauguration Day.

‘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,’ Musk posted on X Wednesday. ‘The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.’

White House press secretary Karoline Leavitt emphasized Thursday ‘the DOGE leaders are each and every member of the President’s Cabinet and the president himself, who is wholeheartedly committed to cutting waste, fraud and abuse from our government.’

And the cuts are adding up.

According to a May 26 update on DOGE’s website, the initiative has saved $175 billion through asset sales, contract cancellations, fraud payment crackdowns and other spending cuts. That translates to about $1,087 in savings per taxpayer.

DOGE’s reach has extended across the federal government, but not without pushback.

Democrats in Congress have sharply criticized Musk’s role. During a February House Oversight hearing, Rep. Melanie Stansbury, D-N.M., called his influence ‘reckless and illegal,’ accusing Trump of ‘outsourcing governing to a billionaire who answers to no one.’ 

Rep. Jasmine Crockett, D-Texas, warned Musk was acting as an ‘unelected official’ inside the executive branch.

Despite the criticism, markets are welcoming Musk’s return to the private sector. Bloomberg reported Tesla shares rose 4.2% this week on news of his government exit.

In an investor call earlier this month, Musk reassured shareholders, ‘Starting in June, I’ll be allocating far more time to Tesla and SpaceX now that the groundwork at DOGE is in place.’

The White House did not immediately respond to Fox News Digital’s request for comment.

Fox News Digital’s Diana Stacy and Andrew Mark Miller contributed to this report.

This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Trump denounces court’s ‘political’ tariff decision, calls on Supreme Court to act quickly
next post
State Dept says DOGE’s changes will be permanent amid Musk’s departure

Related Posts

‘Squad’ Dems demand end to US investigation into...

December 27, 2024

Trump renews attacks on Biden autopen pardons, claims...

September 19, 2025

Trump administration defends US and Israeli sovereignty with...

June 6, 2025

Patel defends FBI pull-up test after Hirono decries...

September 17, 2025

Karine Jean-Pierre answers point-blank if Biden suffers from...

July 4, 2024

Trump setting up meeting with Putin, in communication...

January 11, 2025

Is Iran’s new president presenting a moderating image...

September 30, 2024

Relatives of Gaza hostages storm Israeli parliament as...

January 23, 2024

Lincoln gave us Thanksgiving as a time to...

November 28, 2024

Rubio meets Saudi Arabian officials ahead of US-Russia...

February 18, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,550)
    • Investing (4,188)
    • Politics (5,558)
    • World (4,762)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved