Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse

One blockchain token sits at the heart of Washington's pro-crypto agenda. Institutions are loading up while it still trades at a discount. Here's how to get in for $3.

Musk defends his work as he prepares to wind down at DOGE but gives hazy answers on future

MICHELLE L. PRICE
May 01, 2025

WASHINGTON (AP) -- Elon Musk, preparing to step back from his work leading the Department of Government Efficiency, had a request of the reporters gathered at the White House to interview him: Before he would answer any questions, he wanted someone to tell him a joke.

The tech billionaire's request in the Roosevelt Room on Wednesday underscored the surreal and idiosyncratic presence of the world's richest man at the highest echelons of American power. Over the past few months, his work of downsizing the workforce has sent shocks through the federal government and drawn intense pushback, including protests of his electric vehicle company, Tesla.

Musing about his and DOGE's incongruous role in the U.S. government, he said, "It is funny that we've got DOGE."

"Doesn't the absurdity of that seem, like, like, are we in a simulation here or what's going on? But, like, it was a meme coin at one point," he said, laughing. "How did we get here?"

Musk, clad in all black but missing the two hats he had worn at Wednesday's earlier Cabinet meeting, defended DOGE's work as he prepares to scale back his government role and spend more time at his businesses. But he gave hazy answers about the work he'd been doing and DOGE's future, and he seemed taken aback by the intense backlash he'd encountered.

"Being attacked relentlessly is not super fun," he said. "Seeing cars burning is not fun," he added, referring to the instances of Tesla cars being smashed or set on fire.

"In the grand scheme of things, I think we've been effective. Not as effective as I'd like. I think we could be more effective," Musk said. "But we've made progress."

DOGE's large-scale slashings have been met with dozens of lawsuits. DOGE's attempts to access sensitive government information, including Social Security data, has similarly met resistance in court. And Democrats this week unveiled an online tracker tallying the federal funds approved by Congress that DOGE has blocked, setting up a constitutional struggle between two branches of government.

Musk wouldn't offer examples of anything he'd do differently, though DOGE is nowhere near its original savings goal and has overstated its progress.

DOGE had sought to cut spending by $1 trillion. Musk estimates he's cut $160 billion so far and acknowledged it would be hard to get anywhere close to $1 trillion.

"It's sort of, how much pain is the Cabinet and the Congress willing to take?" Musk said. "It can be done, but it requires dealing with a lot of complaints."

Musk didn't detail any of those complaints and said he has a good relationship with President Donald Trump's Cabinet. But when asked about clashes with certain members, particularly Secretary of State Marco Rubio, Musk said, "at times, there will be some disagreements with the Cabinet."

He defended DOGE's attempts to access Americans' personal data, dismissing concerns about a potential "surveillance state" by quipping, "Don't we already have a surveillance state?" He said DOGE needs to access the systems in its hunt for fraud, and said, "There has to be some way to reconcile the improper payments."

He said DOGE has referred cases of suspected fraud to the Justice Department, though he offered few details, including how many referrals were made. Antonio Gracias, a Musk investor working for DOGE, pointed to the indictment last week of an Iraqi man living in New York on charges he illegally voted in the 2020 election. U.S. prosecutors said DOGE assisted in the investigation.

Musk acknowledged there were some instances in which they had to restore the jobs of government workers who, in his words, were "accidently let go," like "some people that were doing important regulatory work or taking care of national parks."

When asked if he's found any areas where he'd recommended efficiencies beyond cuts, Musk veered into the nation's military strategy and said he has repeatedly recommended to Defense Secretary Pete Hegseth that he should be spending more money on hypersonic missiles and long-range drones instead of on crewed systems.

Musk said DOGE is also working on improving connectivity for the nation's air traffic control system and reviewing plans to improve its software, but DOGE's primary goal is "trying to stop wasteful and fraudulent spending."

But on other points, he was vague.

Who will lead DOGE when he leaves?

"DOGE is a way of life," he said. "Like Buddhism."

Will he retain the title of senior adviser to the president?

"I guess."

Will DOGE wrap up its work by July 2026, as originally stated?

"If the president wants us to stick to that date, we'll stick to that date."

How many of the roughly 100 DOGE employees will stay on the job while he winds down?

"Some will stay on. Some will not. So it's up to them. This is basically a volunteer organization."

Is DOGE winding down?

"No, I think it will gain momentum."

Musk struck up a friendship with Trump during the 2024 campaign and spent nearly $300 million on the election -- the bulk of which went toward helping the Republican reclaim the White House. He has since become a constant presence with Trump for much of the first 100 days of the administration, regularly traveling with the president to his home in Florida on the weekends.

Musk said Wednesday that he was working on DOGE seven days a week during the first months of the administration, at times sleeping in the Lincoln Bedroom at Trump's invitation.

He declined to say just how many times he had slept at the White House but said the president had implored him to try the caramel ice cream from the kitchen.

"Don't tell RFK," Musk joked, referring to Trump's Health Secretary Robert F. Kennedy Jr.

Musk described it as an "intense period" during which he was trying to understand and map out the federal government.

"It's a startup, effectively. A new administration is like a startup," he said.

But he said he is now scaling back his work on DOGE, spending one to two days a week on it, and he plans to be in Washington less.

"Now we're getting more of a rhythm so the amount of time that's necessary for me to spend here is much less," he said.

He also pointed to the limitation on his status as a special government employee, which means he can only work 130 days in a 365-day time period.

He said he will keep his "tiny" office on the second floor of the West Wing that he said has "a view of nothing" -- a feature, he then remarked, that keeps him safe.

"It's harder to shoot me," he said. "There's not a good line of sight."

Continue Reading...

Popular

Elon Musk's Bombshell About Donald Trump in Epstein Docs: Here's the Truth Behind the Claim

Elon Musk's claim regarding President Trump's connection to the undisclosed Jeffrey Epstein files has ignited a political uproar.

How To Build a Home in Nearly 4 Hours - Ad

The U.S. is short 2.3M homes, making affordable, efficient housing critical. BOXABL brought assembly lines to construction, building homes in hours, not months. With 700+ built and one of America's largest homebuilders as an investor and partner, they're growing fast.

$110M Wiped Out: Bitcoin Whale Trader Gets Burned As BTC Tags $104,150

Pseudonymous crypto trader James Wynn, known for his high-leverage strategies, suffered losses exceeding $110 million after Bitcoin‘s (CRYPTO:

US Should Stockpile Bullets, Not Bitcoin, Jamie Dimon Says

JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon delivered a pointed message on national security policy at the Reagan National Economic Forum on Frida

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse - Ad

One blockchain token sits at the heart of Washington's pro-crypto agenda. Institutions are loading up while it still trades at a discount. Here's how to get in for $3.

British Man Charged In US With Spying For China — Here's How He Allegedly Did It

A British man has been indicted in the U.S. on charges of espionage for China. The accused, John Miller, is facing multiple charges including interstate stalking and smuggling.

Protect Your Nest Egg With These Inflation-Fighting Stocks - Ad

The Fed's warning us. Inflation just hit a 40-year high-devouring nest eggs by 7.5%. Want to dodge its bite? This "map" could be the key. Inside is a treasure trove of income stocks yielding 33% a year. It's time to fight back. But don't wait-the longer you sit, the more you lose.

Trump meets with the Federal Reserve chairman he has repeatedly scorned

WASHINGTON (AP) — President Donald Trump met with Federal Reserve Chair Jerome Powell on Thursday and the two discussed the economy but not Powell's outlook for interest rates, the Fed said.

Undervalued Robotics Stock Alert - Ad

Why is an AI robotics company with $3.2M in revenue valued at just $50M while competitors with less revenue sit at $448M?

Trump says China 'violated' agreement on trade talks and he'll stop being 'nice'

WASHINGTON (AP) — President Donald Trump said Friday that he will no longer be “Mr. NICE GUY” with , declaring in a social media post that the country had broken an agreement with the United States.

Apple Stock Lags Behind Peers — Here's What Wall Street Says About the Dip

Apple has experienced a turbulent year, with its stock value decreasing by 20% since the start of the year.

Is a Deliberate "Dollar Reset" Already Underway? - Ad

In an office building across the street from the White House, a powerful unelected official has laid out a plan that could deliberately tank the U.S. dollar, which could wipe out decades of retirement wealth for millions of unsuspecting Americans. A new video explains how. It lays out four urgent steps you should take immediately.

Nutanix Analyst Sees More Upside As It Gains Customers Leaving VMware

Needham analyst reiterates Buy rating on Nutanix (NTNX), maintains $92 price forecast. Q3 sales and EPS beat estimates, company raises guidance for FY25. Strong execution, demand drivers, and new product launches drive optimism. NTNX shares down 5.54% at $74.50 on Thursday.

Why AG Is One of the Most Leveraged Silver Trades in the Market - Ad

Silver demand is exploding. One stock is delivering record output, selling direct to retail, and flying under Wall Street's radar-for now.

Autoliv Boosts Shareholder Returns With 21% Dividend Hike, New $2.5 Billion Buyback Program

Autoliv, Inc. (NYSE: ALV) announces dividend boost and buyback program at CMD, reiterates growth outlook and Q1 earnings beat expectations.

Puerto Rico's governor pledges to improve island's power grid and economy

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s governor pledged Thursday to improve the island’s and boost the economy in her first address after being elected last year as anger intensifies over chronic power outages and an increase in cost-of-living expenses.

Silver's Set to Break Out and This Pure-Play Producer Is Ready - Ad

Silver's in short supply. This producer is already mining 30M+ ounces annually-and selling their own minted silver bars and coins.

Tesla Cybertruck Demand Slides, But Mexican Police Fleet Buying For 2026 FIFA World Cup

These bulletproof vehicles also provide positive attention and new use cases for Tesla amid reports of demand issues.

Google partners with Chile to deploy a trans-Pacific submarine cable

SANTIAGO, Chile (AP) — signed an agreement with Chile on Wednesday to deploy an undersea fiber optic cable connecting South America with Asia and Oceania, a first-of-its-kind project that aims to cement the South American country’s status as a major digital hub.

The Robotics Underdog Ready to Run - Ad

An AI robotics company cutting crime by 46% and scaling fast-yet its valuation lags behind peers.

Cookies, Berner's Iconic Cannabis Brand, Has Landed In The UK

Cookies partners with UK cannabis clinic Mamedica to launch medical products as Britain weighs cannabis reform and decriminalization.

Britain is getting a defense boost aimed at sending a message to Moscow, and to Trump

LONDON (AP) — The United Kingdom will build new nuclear-powered attack submarines and create an army ready to fight a war in Europe as part of designed to send a message to Moscow — and Washington.

30M+ Ounces. Four Mines. A Mint. And Serious Upside - Ad

Four mines. Millions of ounces. And a US mint operation selling silver bars and coins direct to investors. This producer is printing cash while others stall.

Yemen's al-Qaida branch leader threatens Trump, Musk and others

DUBAI, United Arab Emirates (AP) — The leader of has threatened both U.S. President Donald Trump and billionaire Elon Musk over in the Gaza Strip in his first video message since taking over the group last year.

US Aluminum Tariffs Risk Supply Chain And Food Security, Industry Insiders Warn

Canadian Aluminum Assoc. condemns 50% US tariff on Canadian aluminum, citing negative economic impact on North America & potential trade shifts.

Trump Signals "End of M.A.G.A." - Ad

Trump's new mission: Make America Wealthy Again. And according to ex-CIA advisor Jim Rickards, the U.S. is sitting on a $150 trillion fortune--enough to make every family millionaires. Discover how this hidden wealth could soon change everything.

Takeaways from AP's report on the business interests of Trump's surgeon general pick

PROVIDENCE, R.I. (AP) — President Donald Trump’s pick to be U.S. surgeon general has repeatedly said the nation’s medical and food systems are corrupted by special interests and people out to make a profit at the expense of Americans’ health. Yet as has criticized scientists, medical schools and regulators for taking money from the food and pharmaceutical industries, she has promoted dozens of products in ways that put money in her own pocket.

Former Zillow Execs Target $1.3T Market - Ad

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

'Would We Be Able To Make It Back?' - NASA Astronauts Recount Harrowing Starliner Mission

NASA astronauts Williams and Wilmore revealed they feared not making it home after Starliner thruster failures extended their mission to 10 months.

Why Billionaires Are Stockpiling This "Boring" Token - Ad

The world's largest financial institutions are building massive positions in a protocol most retail investors consider too "unsexy" to notice. As markets are volatile post-tariffs, this coin continues setting transaction records while flying almost completely under the radar.

US Tariff Impact: Prices Surge At Walmart And Target, Employees Say—Some Jumps Top 38%

Tariffs imposed by President Trump are reportedly leading to significant price increases at Walmart and Target stores.

Putting Your Name on This List Could Hand You $1,270 on Friday - Ad

URGENT: On Tuesday, a simple set of instructions will be sent out to an elite group of investors. The folks in this group will have the opportunity to place a 10-minute trade that could double their money by Friday. Consider this your invitation to join them. The next trade is just days away.

Republican senators to watch in the maneuvering over Trump's big bill

WASHINGTON (AP) — The Senate has set an ambitious timeline for passing President Donald Trump’s to cut taxes and spending. But getting it on the Republican president's desk will require some big decisions, and soon.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright traderelite.club
Privacy Policy | Terms of Service