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Elon Musk is stepping back from his role in the White House, focusing more on Tesla, according to Trump’s chief of staff, Susie Wiles. While he will not be as physically present, his DOGE team remains active in their efforts. Musk, who is set to officially resign from his DOGE position in May, has faced increasing fatigue from political pressures and criticism.
Elon Musk, at the Conservative Political Action Conference, celebrated a gift from Argentine President Javier Milei—a chainsaw symbolizing his disdain for bureaucracy. Despite spending nearly $300 million to influence politics, Musk's actions have sparked public backlash that threatens to impact Tesla negatively.
Elon Musk's role as a special government employee overseeing Treasury payment systems raises concerns about conflicts of interest, especially given his companies' substantial government contracts. Amid rising public alarm and attacks on Tesla properties, Trump defends Musk, framing him as a patriot while promoting Tesla stock. Critics warn that the administration's disruptive approach could have severe consequences for working Americans reliant on government services.
Trump indicated that Elon Musk's role in the DOGE initiative may end before its planned conclusion in 2026, as his Cabinet secretaries are reportedly ready to operate independently. The President expressed dissatisfaction with Musk's approach, advocating for a more precise strategy in government cuts.Musk, classified as a Special Government Employee, has faced criticism for his drastic cost-cutting measures, including controversial claims about federal programs. He aims to achieve significant savings, asserting that the team is on track to reduce waste and fraud substantially.
Trump allies are urging the White House to limit Elon Musk's media appearances after he labeled Social Security "the biggest Ponzi scheme of all time." Despite Musk's criticisms, the administration maintains that Social Security will remain intact, with no plans for cuts. Concerns are rising among lawmakers and constituents about Musk's influence, especially as he advocates for significant reforms in entitlement spending.
Tesla's stock faces significant volatility, driven by a mix of commercial, geopolitical, and management factors, with analysts uncertain about its near-term direction. Investor sentiment has soured amid controversies surrounding CEO Elon Musk, leading to declining sales and a notable drop in stock value. As concerns grow, some Tesla owners are hesitant to be seen in their vehicles, reflecting a broader sense of unease among shareholders.
Argentine President Javier Milei has pledged to support a US Senate investigation into Credit Suisse's historical ties to former Nazi officials. This follows allegations that the bank's predecessor hosted accounts for Nazis who fled to Argentina post-World War II. Despite Credit Suisse's previous findings denying these claims, new evidence suggests potential links, prompting Milei to open archives related to the exfiltration of Nazi criminals to South America.
Argentina's President Javier Milei has pledged support for a U.S. Senate investigation into former Credit Suisse accounts linked to Nazi clients, promising to open archives related to Nazi exfiltration routes. This investigation, which follows a history of concealment by Credit Suisse, aims to uncover the bank's connections to Nazi criminals and ensure justice for victims of Nazi crimes. The final report is anticipated next year, with a focus on preserving documents for future research.
A US Senate committee, led by Chuck Grassley, is investigating Credit Suisse's historical ties to Nazi clients, with support from Argentinian President Javier Milei, who has promised access to crucial documents. The investigation aims to uncover previously concealed evidence and is expected to conclude in 2026, with UBS cooperating fully after its acquisition of Credit Suisse. The focus is on extensive archives containing documents from the 1930s and 1940s, which may reveal connections to individuals who aided Nazis in evading justice.
UBS economists indicate that Argentina is close to securing a positive deal with the IMF, following optimistic discussions between President Javier Milei and IMF Director Kristalina Georgieva. Economy Minister Caputo expects an agreement by April, crucial for repaying debt and enhancing central bank reserves, with potential funding exceeding $12 billion, possibly reaching $20 billion. The deal may also facilitate easing capital controls and transitioning to a more flexible exchange rate.
Javier Milei
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