Prøve GULL - Gratis
Trump Hints at Curbs on Musk After Billionaire Shakes Up Washington
Mint Mumbai
|February 05, 2025
President Trump on Monday said there were curbs in place to prevent Elon Musk from doing anything in the government without the White House's blessing, responding to growing confusion about who was overseeing Musk's push to dismantle multiple agencies.
Trump described Musk's role as advisory. "Elon can't do—and won't do—anything without our approval and we'll give him the approval where appropriate. Where not appropriate, we won't," Trump said.
Trump's comments, made to reporters in the Oval Office, came just hours after a Musk-led team effectively shut down the U.S. Agency for International Development. Musk, over the weekend, called USAID "evil," "a criminal organization" and said it is "time for it to die."
Secretary of State Marco Rubio was made acting head of the agency on Monday and said he would work with Congress regarding the agency's future.
Musk leads X, SpaceX, and Tesla and helped funnel more than $250 million into a political campaign effort aimed at getting Trump and Republicans elected last November.
Trump initially said Musk would co-chair a new entity called the Department of Government Efficiency, but some people involved—including the other co-chair—have already departed, leaving Musk with broad powers.
DOGE, as it is known, is now a repurposed part of the White House, though its exact remit and staff remain murky and undefined.
For example, Musk initially sought volunteers to work with him on DOGE who he said wouldn't be paid, but now because the entity is part of the government, it is unclear whether the staff is paid or whether they are allowed to have other jobs outside the government that might pose a conflict.
Musk has been designated as a "special government employee," a temporary status, which enables him to work at the White House for 130 days without filing financial disclosure forms required for regular White House employees.
Both political parties have used this mechanism to bring in top advisers who have complicated finances.
Trump, speaking of Musk and potential conflicts on Monday, said, "If there's a conflict, then we won't let him get near it."
Denne historien er fra February 05, 2025-utgaven av Mint Mumbai.
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 Mumbai
Mint Mumbai
Bank-funded acquisitions won't displace private credit
The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.
3 mins
November 20, 2025
Mint Mumbai
Air India lobbies to use airspace over China's Xinjiang
India-China flights resumed after a five-year hiatus.
1 mins
November 20, 2025
Mint Mumbai
Nitish Kumar to take oath as Bihar CM
JD(U) supremo Nitish Kumar to be sworn-in as Bihar chief minister for a record 10th time.
1 min
November 20, 2025
Mint Mumbai
A fresh perspective on abstraction in art
A new exhibition in Mumbai showcases different approaches to abstraction by artists like Zarina, Seher Shah and Mehlli Gobhai
3 mins
November 20, 2025
Mint Mumbai
Govt eyes post-cut GST revenue surge
FinMin expects Nov GST receipts growth to rebound to 10%
2 mins
November 20, 2025
Mint Mumbai
PayMate pulls plug on West Asia operations
The Visa-backed B2B payments firm is scrambling to raise more funds
2 mins
November 20, 2025
Mint Mumbai
Exide's dual bet: Can lithium-ion offset a weakening core?
Exide Industries Ltd is struggling to fuel its core lead-acid business while simultaneously turning its capex-heavy lithium-ion venture into a viable second growth engine.
1 mins
November 20, 2025
Mint Mumbai
Bank-funded acquisitions won’t displace private credit
The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.
3 mins
November 20, 2025
Mint Mumbai
Afghanistan trade minister seeks India investments, goods
Afghanistan's Taliban trade minister arrived in India on Wednesday on a maiden visit to draw greater investments and goods as both countries consider ways to enhance their relations in the backdrop of souring relations with neighboring Pakistan.
1 min
November 20, 2025
Mint Mumbai
Fractal Analytics bets heavily on R&D in AI race before IPO
Enterprise artificial intelligence firm Fractal Analytics plans to maintain high research and development (R&D) spending ahead of its market debut for which a date has not yet been set, a top executive has said.
2 mins
November 20, 2025
Listen
Translate
Change font size

