• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

President Trump teases ‘last day, but not really’ for Elon Musk at DOGE: Oval Office presser set for Friday

by May 30, 2025
written by May 30, 2025

Elon Musk is finishing his official role in the Trump administration, but if President Trump’s latest Truth Social post is any indication, the billionaire isn’t going far.

‘I am having a Press Conference tomorrow at 1:30 P.M. EST, with Elon Musk, at the Oval Office,’ Trump posted Thursday. ‘This will be his last day, but not really, because he will, always, be with us, helping all the way. Elon is terrific!’

Musk’s government service will end May 30, the legal 130-day limit for his ‘special government employee’ designation. He was appointed in January to head the Department of Government Efficiency (DOGE), created by executive order on Inauguration Day.

‘As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending,’ Musk posted on X Wednesday. ‘The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.’

White House press secretary Karoline Leavitt emphasized Thursday ‘the DOGE leaders are each and every member of the President’s Cabinet and the president himself, who is wholeheartedly committed to cutting waste, fraud and abuse from our government.’

And the cuts are adding up.

According to a May 26 update on DOGE’s website, the initiative has saved $175 billion through asset sales, contract cancellations, fraud payment crackdowns and other spending cuts. That translates to about $1,087 in savings per taxpayer.

DOGE’s reach has extended across the federal government, but not without pushback.

Democrats in Congress have sharply criticized Musk’s role. During a February House Oversight hearing, Rep. Melanie Stansbury, D-N.M., called his influence ‘reckless and illegal,’ accusing Trump of ‘outsourcing governing to a billionaire who answers to no one.’ 

Rep. Jasmine Crockett, D-Texas, warned Musk was acting as an ‘unelected official’ inside the executive branch.

Despite the criticism, markets are welcoming Musk’s return to the private sector. Bloomberg reported Tesla shares rose 4.2% this week on news of his government exit.

In an investor call earlier this month, Musk reassured shareholders, ‘Starting in June, I’ll be allocating far more time to Tesla and SpaceX now that the groundwork at DOGE is in place.’

The White House did not immediately respond to Fox News Digital’s request for comment.

Fox News Digital’s Diana Stacy and Andrew Mark Miller contributed to this report.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
State Dept says DOGE’s changes will be permanent amid Musk’s departure
next post
Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

related articles

Trump DOJ to begin handing over Epstein files...

August 22, 2025

TikTok isn’t enough to stop Gen Z from...

August 22, 2025

Trump administration wins Supreme Court fight to slash...

August 22, 2025

Zelenskyy seeks ‘strong reaction’ from US if Putin...

August 22, 2025

Pentagon unveils new medal for troops deployed in...

August 21, 2025

Federal judge rules Trump appointee Alina Habba is...

August 21, 2025

‘Maine’s Mamdani’: Maine GOP chief issues warning about...

August 21, 2025

‘There are 50 swamps’: State Freedom Caucus Network...

August 21, 2025

Trump-aligned legal group probes Biden-era organ transplant program...

August 21, 2025

NATO defense chiefs stress commitment to Ukraine, discuss...

August 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • EURUSD and GBPUSD: the pound drops to a weekly low

    August 30, 2024
  • FBI calls for public tips on children hurt in ‘gender-affirming’ surgeries

    June 3, 2025
  • Trump to sign executive order to protect Americans from ‘exploitive ticket scalping’ in entertainment industry

    March 31, 2025
  • White House monitoring reports of North Korean soldiers deployed to Russia: ‘Highly concerning’

    October 21, 2024
  • Mark Milley pardoned: General at center of Afghanistan withdrawal predicted it wouldn’t be a Saigon moment

    January 20, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,785)
  • Investing (634)
  • Stock (893)

Latest Posts

  • Vital Western alliance countries’ heavy dependence on China major problem: ‘dangerously exposed’

    August 3, 2024
  • Conservatives react to Kamala Harris’ latest ‘word salad’ on climate change ‘deadlines’

    August 29, 2024
  • As inflation cools, Social Security could pay out a smaller COLA increase

    July 12, 2024

Recent Posts

  • The great airlift: how Apple ferried 1.5M iPhones from India to the US to beat Trump tariffs

    April 10, 2025
  • Trump NIH appointee defends president’s research funding cuts, lays out new vision for future

    March 5, 2025
  • House advances Trump’s massive agenda bill after fiscal hawks cave

    July 3, 2025

Editor’s Pick

  • Billionaire Frank McCourt’s Project Liberty offers to acquire TikTok’s US assets

    January 9, 2025
  • Dollar Tree says it’s winning over higher-income shoppers and may offset tariffs with price hikes

    March 27, 2025
  • Anna Paulina Luna to lead task force on declassification of JFK assassination records, Epstein client list

    February 11, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock