Prøve GULL - Gratis
Elon Musk defends cost-cutting efforts in Oval Office appearance
Mint Ahmedabad
|February 13, 2025
Trump signed an executive order giving DOGE more authority to reduce the size of the federal workforce
Elon Musk defended his cost-cutting plans as a common-sense campaign to rein in out-of-control government spending, amid opposition from Democrats and legal challenges that have stalled some of his efforts.
Appearing Tuesday alongside President Trump in the Oval Office, the billionaire offered a lengthy explanation of his views on the federal government and made the case for his Department of Government Efficiency.
Musk, wearing a black "Make America Great Again" hat, described federal workers as an "unelected, fourth, unconstitutional branch of government" that he said has "more power than any elected representative."
"It does not match the will of people," he said. "So it's just something we've got to fix, and they've also got to address the deficit."
Trump signed an executive order Tuesday giving DOGE more authority to reduce the size of the federal workforce. The order directs agencies to restrict hiring to essential positions, with some exceptions.
Musk was joined in the Oval Office by one of his sons, who sat on his father's shoulders for part of the impromptu news conference. The roughly 30-minute event was one of Musk's lengthiest public discussions about DOGE's work.
"It's not optional for us to reduce the federal expenses," Musk said. "It's essential. It's essential for America to remain solvent as a country."
Musk compared the scrutiny he is facing to a "daily proctology exam." He said the public could make its own judgments about his potential conflicts of interest. Trump added that if the White House thought there was a lack of transparency or a conflict for Musk, then "we would not let him do that segment or look in that area."
Denne historien er fra February 13, 2025-utgaven av Mint Ahmedabad.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Ahmedabad
Mint Ahmedabad
Trump's bets on China and Argentina are souring fast
When it comes to US foreign economic polic policy, President Donald Trump’s administration has two problems on its hands.
3 mins
November 18, 2025
Mint Ahmedabad
Centre mulls cut in PLI auto sops to ₹2,000 cr for FY26
Scheme has faced challenges including localization requirements and delays in disbursal
2 mins
November 18, 2025
Mint Ahmedabad
SGX to list Bitcoin, Ether perpetual futures on 24 Nov
Traders in SGX's perpetual futures won't automatically get liquidated if a sudden market shift upsets their positions.
2 mins
November 18, 2025
Mint Ahmedabad
Do pre-IPO gains get long-term tax status?
I live in Australia and I own shares in a Indian company which got recently listed. I invested about 1.5 years back when it was not listed. When I sell the shares now, will it be considered as shortor long-term gains? —Name withheld on request
1 mins
November 18, 2025
Mint Ahmedabad
OTTs chase regional content with higher spends but viewership trails
Platforms need carefully considers content strategies to ensure they are meeting the needs but viewership trails
1 mins
November 18, 2025
Mint Ahmedabad
India's music stardom has moved from film sets to feeds
A few verses, a guitar, and an Instagram Reel were enough to catapult Anumita Nadesan into the national spotlight.
2 mins
November 18, 2025
Mint Ahmedabad
A. Vellayan, known for visionary bets, passes away at 72
His friends and peers called Arunachalam Vellayan (72), former chairman of Murugappa group who passed away in Chennaion Monday, a man with a high level of business acumen and an ability to see the future.
1 mins
November 18, 2025
Mint Ahmedabad
Sebi has started review of listing, disclosure norms
The Securities and Exchange Board of India (Sebi) has begun work on a review of the Listing Obligations and Disclosure Requirements (LODR), its chairperson Tuhin Kanta Pandey said, setting the stage for what could be one of the regulator's most significant cleanups of corporate disclosure rules in recent years.
1 mins
November 18, 2025
Mint Ahmedabad
INSIDE AP'S NEW MANTRA: 'SPEED OF DOING BUSINESS'
Nara Lokesh is facing off against rival states and historical financial strain. Can he repeat his father's legacy?
9 mins
November 18, 2025
Mint Ahmedabad
Marico’s margin on slippery slope despite healthy demand
The Marico Ltd stock hit a new 52-week high of ₹764.65 on the NSE on Monday after its consolidated revenue surged 31% year-on-year to ₹3,482 crore in the September quarter (Q2FY26), led by broad-based growth across product categories.
1 mins
November 18, 2025
Listen
Translate
Change font size
