In a historic victory, Donald Trump has clinched the U.S. presidency once again, with notable support from billionaire Elon Musk, who publicly endorsed Trump and contributed significantly to his campaign. Musk, with a reported net worth of $290 billion according to Bloomberg, provided at least $119 million in campaign support and shared his endorsement on his social media platform, X (formerly Twitter). Trump has praised Musk as a “master of cost-cutting” for his assertive actions in reducing operational costs, managing strikes, and reshaping workforce structures. Musk’s backing has fueled speculation about a potential role in Trump’s administration.
At a recent Trump rally in New York’s Madison Square Garden, Musk hinted at his vision to reduce federal spending, boldly claiming he could cut $2 trillion from the federal budget. Following this, Trump announced plans to establish a “government efficiency commission,” with Elon Musk proposed to lead as the “Secretary of Cost-Cutting.” This commission, according to Trump, would conduct a comprehensive audit of government finances and performance, aiming to eliminate fraud and reduce improper payments within six months to achieve significant savings for taxpayers.
Despite Trump’s enthusiasm, Musk’s potential role faces hurdles. Given Musk’s extensive business commitments, including federal contracts and ongoing legal disputes with U.S. regulators, a full-time cabinet position could pose conflicts of interest. The role would also require Congressional approval. However, a part-time advisory position may be more feasible, potentially allowing Musk to influence regulations that align with the interests of his companies. According to NBC News, Elon Musk has been involved in at least 19 legal disputes with the Biden administration and federal agencies, with 10 cases still pending.
Trump’s proposed efficiency commission represents a bold approach to streamline government operations, but Musk’s involvement could hinge on navigating these legal and regulatory challenges.
