Elon Musk defended his controversial role leading the Department of Government Efficiency as he prepares to step back, according to the Associated Press. Speaking at the White House, Musk said DOGE had cut $160 billion in federal spending, far from its $1 trillion goal, but claimed progress had been made. He dismissed concerns over DOGE's access to Social Security data and referred cases of suspected fraud to the Justice Department. Musk was a major donor to Trump’s 2024 campaign. He called DOGE “a way of life,” offering vague answers on its future leadership, scope, and end date while hinting he’d keep his West Wing office.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Elon Musk defended his controversial role leading the Department of Government Efficiency
00:05as he prepares to step back, according to the Associated Press.
00:09Speaking at the White House, Musk said Doge has cut $160 billion in federal spending so far,
00:15but it's far from its $1 trillion goal.
00:17Claimed progress has been made.
00:19He dismissed concerns over Doge's access to Social Security data
00:21and referred cases of suspected fraud to the Justice Department.
00:25Musk was a major donor to Trump's 2024 campaign.
00:28He called Doge a way of life, offering vague answers on its future leadership, scope, and end date,
00:34while he thinks he can keep his West Wing office.
00:36For all things money, visit Benzinga.com slash GSTV.