Department Of Government Efficiency

Billionaire entrepreneur Mark Cuban has expressed his dissatisfaction with the Democratic Party’s approach to the 2024 elections, stating that the party has not adequately addressed the day-to-day struggles of voters. What Happened: Cuban, in episode 8 of the Andy Beshear podcast,...

The White House has dismissed the criticism of the budget bill by Elon Musk, asserting that the bill does not contribute to the deficit. What Happened: White House press secretary Karoline Leavitt responded to Musk’s criticism during a Tuesday briefing. She affirmed that...

Elon Musk has been accused of exploiting his role in the Trump administration to further his personal and business interests, according to a report released on Tuesday by the office of Sen. Elizabeth Warren (D-Mass). What Happened: Titled “130 Days of Elon Musk,” the report...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has defended his controversial tenure at the Department of Government Efficiency, stating that it became a scapegoat for everything wrong in Washington. What Happened: In an interview with CBS's David Pogue that aired Sunday, Musk said DOGE—created to slash...

The past week was filled with significant developments from the world of business and politics. From the temporary preservation of President Donald Trump’s tariffs to Paramount Global’s (NASDAQ:PARA) potential settlement with President Trump, these stories have kept the market buzzing....

In a podcast conversation that was made public Friday, U2 frontman Paul David Hewson, popularly known by the nickname Bono, told Joe Rogan that over 300,000 people have died globally due to severe cuts to U.S. Agency for International Development (USAID) funding led by Elon Musk's Department of...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk concluded his controversial four-month tenure leading the Department of Government Efficiency (DOGE) on Friday, with President Donald Trump honoring him with a golden key to the White House despite falling far short of promised savings. What Happened: Speaking...

In a move to curb federal spending, the Department of Government Efficiency (DOGE) has deactivated over 523,000 government credit cards. What Happened: DOGE announced the deactivation of the credit cards on X, and indicated plans to expand the program to more agencies. “We...

The leadership reshuffle at the Department of Government Efficiency (DOGE) continues as Steve Davis, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's longtime lieutenant, departs following the billionaire's exit announcement. What Happened: The White House confirmed Thursday that Davis, who managed daily...

On Thursday night, President Donald Trump said that he will host Elon Musk at the White House on Friday to mark the Tesla Inc. (NASDAQ:TSLA) CEO's departure from his official role leading the administration's Department of Government Efficiency. What Happened: In a post on Truth Social, Trump said...

The White House has reportedly chosen to withdraw $400 million in funding that was set aside for states to upgrade their unemployment insurance systems. What Happened: Congress originally designated these funds as part of the $1.9 trillion coronavirus relief package passed in 2021. The goal was to...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk expressed disappointment with President Donald Trump‘s massive spending package, saying that the legislation “undermines the work” that the Department of Government Efficiency team is doing. The comments come as bond markets react sharply to...

The U.S. Treasury will strike its last penny early next year, ending a 233-year production run, yet the copper-colored coin will keep rattling in cash drawers for years as retailers gradually round transactions to the nearest nickel. What Happened: There are about 114 billion pennies in circulation...

Elon Musk's artificial intelligence chatbot, Grok, is reportedly being quietly used within U.S. government agencies under the direction of his Department of Government Efficiency (DOGE) team. What Happened: The AI tool, developed by Musk's company xAI, is being used to analyze federal data, prepare...

In a landmark decision, the U.S. Treasury Department has declared that the production of pennies will be discontinued from next year, bringing to a close two centuries of circulation. What Happened:  The call to halt the minting of pennies was taken by President Donald Trump earlier this year, who...