Elon Musk ditches DOGE
Episode description
On this week’s episode, The Washington Post’s Libby Casey, James Hohmann and JM Rieger discuss the ongoing fallout between Elon Musk and President Donald Trump’s top Cabinet and administration officials, as well as the CEO's announcement Tuesday that he will step away from his U.S. DOGE Service responsibilities as a "special government employee."
Musk, a GOP megadonor and close adviser to Trump, has seen his net worth crumble in the aftermath of the current trade war, as his Tesla stock plummets amongst a shaky quarterly earnings report that showed a 71 percent drop in profits.
Musk touted a proposal to cut $2 trillion from the annual federal budget on the 2024 presidential campaign trail, and while his DOGE team has caused chaos with numerous job cuts and potentially illegal access to sensitive data information, the actual savings achieved by the DOGE initiative may be just a fraction of what was promised.