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Fox News
3 days ago
- Business
- Fox News
Trump posts video thanking Elon Musk as billionaire ends White House tenure
Print Close By Rachel Wolf Published May 31, 2025 The Trump White House released a video on Friday marking the end of Elon Musk's time working with the administration. The billionaire has been leading the newly formed Department of Government Efficiency (DOGE) since January. The video, which was posted on multiple social media platforms, is a highlight reel, starting with Musk's endorsement of President Donald Trump in July 2024, just after the then-candidate was nearly assassinated, and goes up to his last day in D.C. WHITE HOUSE DISCLOSES WHO WILL LEAD DOGE EFFORTS AFTER MUSK'S DEPARTURE In addition to the video, the White House published several posts on X thanking Musk for his service, including a list of "DOGE Wins," which include saving American taxpayers $170 billion, canceling approximately 523,000 active U.S. government credit cards/accounts it uncovered in an audit, cleaning up records at the Social Security Administration, among other initiatives. During a joint news conference on Friday, Trump awarded Musk a "key to the White House." The White House quoted the president as saying that "Elon's delivered a colossal change in the old ways of doing business in Washington… Elon Musk's service to America has been without comparison in modern history." WHAT'S NEXT FOR DOGE AFTER ELON MUSK'S DEPARTURE? 'ONLY JUST BEGUN' Another Republican leader joined Trump in recognizing the changes Musk worked to implement in Washington. House Speaker Mike Johnson thanked Musk for his "selfless, patriotic service" and praised both the billionaire and DOGE, saying they "dug through the bureaucracy and shined a light on MASSIVE waste, fraud, and abuse." "They have saved the American people BILLIONS of dollars, and are updating old and inefficient systems across the federal government — all while providing Republicans with a list of targets of pointless programs that Congressional action will address." MUSK OFFICIALLY STEPS DOWN FROM DOGE AFTER WRAPPING WORK STREAMLINING GOVERNMENT CLICK HERE TO GET THE FOX NEWS APP While some wonder about the future of DOGE, the Trump administration is insisting that the department will go on without Musk at the helm. The Tesla founder addressed this question as well just as Trump marked 100 days in office. He told a small group of reporters that "DOGE is a way of life, like Buddhism. You wouldn't ask who would lead Buddhism. Is Buddha needed for Buddhism?" A few days before the end of his White House tenure, Musk vowed in a post on X to go "back to spending 24/7 at work and sleeping in conference/server/factory rooms," a big switch from the Lincoln Bedroom, where the billionaire allegedly slept multiple times. However, Trump teased that even though it was Musk's last day, it wasn't "really, because he will, always, be with us, helping all the way." Print Close URL
Washington Post
23-05-2025
- Business
- Washington Post
Trump and Johnson notch big win with House passage of sweeping tax bill
For the fourth time since Donald Trump was sworn in as president this year, House Republicans managed to do the unthinkable: compromise to pass fiscal legislation with near total unanimity. That feat might not sound remarkable, but it is for a stubbornly opinionated GOP conference with the smallest House majority in nearly a century — only two Republicans opposed their party and rejected the package. House Republicans have clashed so many times over how to reduce federal spending and the deficit during the past two years that it has forced leaders to rely on Democrats to fund the government and contributed to the historic removal of a House speaker.
Washington Post
16-05-2025
- Politics
- Washington Post
Jury convicts ex-Tennessee House speaker and his aide in legislative mail scheme
NASHVILLE, Tenn. — A federal jury on Friday convicted a former Tennessee House speaker and his onetime chief of staff in a scheme to win taxpayer-funded mail business from state lawmakers even after scandals drove the two out of political power. Former Republican Rep. Glen Casada was found guilty of all 19 charges, while his then-chief of staff, Cade Cothren, was found guilty of 17 of 19 charges in a public corruption trial that began in late April.
Fox News
10-05-2025
- Politics
- Fox News
Massachusetts suspect charged with attempting to assassinate a Cabinet nominee
A Massachusetts suspect was charged this week with attempting to assassinate a cabinet nominee, the U.S. Department of Justice said. Ryan Michael English, 24, was arrested in January after allegedly attempting to bring a knife and two improvised Molotov cocktails into the U.S. Capitol to assassinate then-Treasury Secretary nominee Scott Bessent during his nomination. On Thursday, English was charged with the attempted assassination of a cabinet member nominee and carrying a dangerous weapon on the grounds of the U.S. Capitol Building. English had an initial court appearance on Thursday afternoon. Prosecutors said that English had also originally plotted to kill House Speaker Mike Johnson, R-La., and Defense Secretary Pete Hegseth, and was inspired by United HealthCare CEO murder suspect Luigi Mangione. English walked up to a U.S. Capitol Police officer on Jan. 27 and allegedly stated, "I'd like to turn myself in," according to initial charging documents. English claimed to have two Molotov cocktails and two knives and expressed being there "to kill Scott Bessent," according to court documents. Federal prosecutors said English left home in Massachusetts and traveled to Washington with the intent of killing Hegseth, whom the suspect referred to as a "Nazi," and Johnson, and burning down the Heritage Foundation, a conservative think tank near the White House. Capitol Police officers found a folding knife and two improvised incendiary devices made of vodka bottles with a grey cloth affixed to the top inside English's jacket during a search. They found a green lighter in another pocket.
Bloomberg
09-05-2025
- Business
- Bloomberg
Bessent Says Debt Limit Measures Could Run Out in August
Treasury Secretary Scott Bessent told US lawmakers that his department's ability to use special accounting maneuvers to stay within the federal debt limit could be exhausted in August. Bessent in a letter to House Speaker Mike Johnson said that 'after reviewing receipts from the recent April tax filing season, there is a reasonable probablity that the federal government's cash and extraordinary measures will be exhausted in August while Congress is scheduled to be in recess.'
