The Fort Worth Press - Trump taps Musk to 'save trillions' in war on waste

USD -
AED 3.67302
AFN 68.291665
ALL 93.057229
AMD 389.770539
ANG 1.808359
AOA 911.999622
ARS 1001.919444
AUD 1.544092
AWG 1.795
AZN 1.703104
BAM 1.855228
BBD 2.025868
BDT 119.90021
BGN 1.85709
BHD 0.376614
BIF 2963.296747
BMD 1
BND 1.345185
BOB 6.933055
BRL 5.796203
BSD 1.003315
BTN 84.297531
BWP 13.716757
BYN 3.283486
BYR 19600
BZD 2.022453
CAD 1.407425
CDF 2865.00031
CHF 0.88767
CLF 0.035506
CLP 979.709938
CNY 7.233902
CNH 7.240503
COP 4425.67
CRC 510.64839
CUC 1
CUP 26.5
CVE 104.59491
CZK 23.954978
DJF 178.66544
DKK 7.07361
DOP 60.456292
DZD 133.234044
EGP 49.302899
ERN 15
ETB 121.511455
EUR 0.94838
FJD 2.27595
FKP 0.789317
GBP 0.79132
GEL 2.734973
GGP 0.789317
GHS 16.027888
GIP 0.789317
GMD 71.000285
GNF 8646.941079
GTQ 7.74893
GYD 209.812896
HKD 7.784165
HNL 25.339847
HRK 7.133259
HTG 131.909727
HUF 386.359922
IDR 15839.3
ILS 3.749297
IMP 0.789317
INR 84.42825
IQD 1314.3429
IRR 42092.496279
ISK 137.610055
JEP 0.789317
JMD 159.351136
JOD 0.7091
JPY 154.760969
KES 129.929869
KGS 86.496657
KHR 4053.579729
KMF 466.575022
KPW 899.999621
KRW 1392.550147
KWD 0.30754
KYD 0.836179
KZT 498.615064
LAK 22046.736197
LBP 89848.180874
LKR 293.122747
LRD 184.608672
LSL 18.253487
LTL 2.95274
LVL 0.60489
LYD 4.900375
MAD 10.002609
MDL 18.230627
MGA 4667.201055
MKD 58.441866
MMK 3247.960992
MNT 3397.999946
MOP 8.045323
MRU 40.054641
MUR 47.210062
MVR 15.450134
MWK 1739.868711
MXN 20.342601
MYR 4.466497
MZN 63.902545
NAD 18.253747
NGN 1666.779868
NIO 36.921442
NOK 11.0727
NPR 134.880831
NZD 1.70441
OMR 0.38465
PAB 1.003296
PEN 3.808919
PGK 4.034511
PHP 58.72503
PKR 278.580996
PLN 4.092995
PYG 7828.648128
QAR 3.65762
RON 4.721202
RSD 110.989157
RUB 99.885908
RWF 1378.077124
SAR 3.755975
SBD 8.390419
SCR 13.839562
SDG 601.503045
SEK 10.965735
SGD 1.34174
SHP 0.789317
SLE 22.600719
SLL 20969.504736
SOS 573.447802
SRD 35.315503
STD 20697.981008
SVC 8.779169
SYP 2512.529858
SZL 18.247358
THB 34.737974
TJS 10.695389
TMT 3.51
TND 3.165498
TOP 2.342103
TRY 34.491635
TTD 6.812749
TWD 32.519502
TZS 2660.000224
UAH 41.44503
UGX 3682.325879
UYU 43.055121
UZS 12842.792233
VES 45.732015
VND 25375
VUV 118.722009
WST 2.791591
XAF 622.255635
XAG 0.03262
XAU 0.000386
XCD 2.70255
XDR 0.755845
XOF 622.229073
XPF 113.127366
YER 249.874979
ZAR 18.12535
ZMK 9001.198001
ZMW 27.546563
ZWL 321.999592
  • BCC

    -0.2600

    140.09

    -0.19%

  • BCE

    -0.0200

    26.82

    -0.07%

  • SCS

    -0.0400

    13.23

    -0.3%

  • NGG

    0.3800

    62.75

    +0.61%

  • JRI

    0.0235

    13.1

    +0.18%

  • CMSD

    0.0822

    24.44

    +0.34%

  • CMSC

    0.0200

    24.57

    +0.08%

  • RIO

    0.5500

    60.98

    +0.9%

  • AZN

    -1.8100

    63.23

    -2.86%

  • GSK

    -0.6509

    33.35

    -1.95%

  • BTI

    0.9000

    36.39

    +2.47%

  • RBGPF

    61.8400

    61.84

    +100%

  • RYCEF

    0.0400

    6.82

    +0.59%

  • VOD

    0.0900

    8.77

    +1.03%

  • RELX

    -1.5000

    44.45

    -3.37%

  • BP

    -0.0700

    28.98

    -0.24%

Trump taps Musk to 'save trillions' in war on waste
Trump taps Musk to 'save trillions' in war on waste / Photo: © AFP/File

Trump taps Musk to 'save trillions' in war on waste

Republican White House candidate Donald Trump unveiled a plan Thursday to install tech billionaire Elon Musk at the head of a government efficiency commission to eliminate "trillions" of dollars in wasteful spending.

Text size:

The Tesla and SpaceX CEO has emerged as a major voice in US politics but is accused of turning the social media platform Twitter, now known as X, into a megaphone for right-wing conspiracy theories since acquiring it in 2022.

Trump told business executives at a speech in New York that Musk -- the world's richest man, according to Forbes -- would oversee a "complete financial and performance audit of the entire federal government" in a second Trump administration.

"As the first order of business, this commission will develop an action plan to totally eliminate fraud and improper payments within six months. This will save trillions of dollars," he said.

The former president is in a knife-edge election race against Democratic Vice President Kamala Harris, who has been setting out her own economic vision ahead of a high-stakes televised presidential debate between the pair on Tuesday.

Trump -- whose administration oversaw an $8.2 trillion rise in the national debt, almost twice as much as President Joe Biden's -- has not publicly identified any of the savings and experts are skeptical about the size of the savings.

- 'Serving America' -

"By definition, this would mean Trump supports cutting Social Security, Medicare, or veterans benefits," Bharat Ramamurti, a former economic official in Joe Biden's White House, posted.

"At the same time, Trump is proposing trillions in tax cuts for the rich. That's his fundamental goal: more money for his rich buddies, less for everyone else."

Trump promised sweeping tax cuts, pledged to make the United States the cryptocurrency capital of the world and said he would repeal Biden's Inflation Reduction Act, which lowers costs for clean energy and medication while cracking down on tax cheats.

Musk, who endorsed Trump in July, is one of the Biden-Harris administration's fiercest critics and frequently spreads far-right misinformation about undocumented immigrants and voter fraud.

He resigned from two White House business councils in 2017 -- during Trump's presidency -- after the Republican withdrew the United States from the Paris climate agreement.

The efficiency commission was initially Musk's idea, but this is the first time Trump has confirmed he would adopt the plan and tap Musk to lead it.

"I look forward to serving America if the opportunity arises. No pay, no title, no recognition is needed," Musk posted on his social media platform, X.

- 'Nasty' -

As Trump gave his remarks, Harris arrived in the crucial battleground state of Pennsylvania, where she will spend five days preparing for next week's presidential debate.

She does not have campaign events publicly scheduled, and will divide her time between strategizing with advisors, honing her attack lines and taking part in informal meetings with voters.

Harris's entry into the race six weeks ago turbocharged enthusiasm among Democrats who were despondent about Biden's chances against Trump -- but both parties are bracing for a close election on November 5.

Pennsylvania, Georgia and a handful of other swing states are expected to be decisive, and polls show most of those races within the margin of error.

The debate will be the first-ever meeting between Harris and Trump, as the former president refused to attend Biden's inauguration after falsely claiming he was cheated in the 2020 election.

Harris's Pennsylvania huddle mirrors Biden's week-long preparation at Camp David in Maryland for his calamitous June 27 debate with Trump, which effectively ended his presidential campaign.

She has enlisted consultant Karen Dunn, who led debate prep for Barack Obama in 2012 and Hillary Clinton in 2016, as well as consulting for TV political thriller "House of Cards."

Trump, 78, has said he is preparing, as he did against Biden, through speaking engagements on the campaign trail and policy discussions with a tight circle of aides.

During a Fox News interview Wednesday in Pennsylvania, the Republican baselessly accused debate host ABC of bias, called the network and one of its star anchors "nasty," and made unfounded claims that Harris would be shown the debate questions in advance.

A.Nunez--TFWP