Possible Trump Treasury secretary says he'd work with Musk to cut federal spending

Hedge fund founder John Paulson, an ally of former President Trump, said in a new interview that he will work with tech billionaire Elon Musk to “reduce federal spending” if tapped to serve as ...

Politics - The Hill - 4 hours ago

If Musk and Trump want to cut federal spending by $2 trillion, they’ll have to come for Social Security and Medicare

Musk is talking big cuts. Something’s got to give.

Business - MarketWatch - 21 hours ago

Ministers complain to Starmer over spending cuts

Some Cabinet members are alarmed at the scale of cuts being sought to plug a rumoured £40bn gap.

Hedge-fund manager who could be Trump Treasury secretary says tariffs can be negotiated lower

A hedge-fund manager who is reported to be in the running to be Treasury secretary if former President Donald Trump is re-elected said in an interview that a proposed across-the-board tariff rise — ...

Business - MarketWatch - October 14

Elon Musk asks voters to brace for 'hardship' as billionaire plans deep spending cuts from potential Trump cabinet post

In the home stretch of the 2024 election, voters who’ve been weighing both campaigns’ proposals to tackle living costs are now hearing a new pitch from the Republican side: accept some short-term ...

How Trump Superfan Elon Musk’s Plan to Cut $2 Trillion in Spending Could Mean Economic Chaos

The GOP candidate has spoken of making the billionaire CEO in charge of a ‘Department of Efficiency,’ but experts warn those dramatic reductions could mean instability and turmoil.

Business - Inc. - 2 hours ago

Treasury failed to disclose ‘material’ spending pressures under Hunt, says OBR

Watchdog says it cannot tell how big ‘black hole’ inherited by Rachel Reeves would have been with full transparency

World - Financial Times - 1 hour ago

Elon Musk Is Giving Away $1 Million a Day in Bid to be the 'Secretary of Cost-Cutting'

Four days spent barnstorming Pennsylvania for Donald Trump highlighted support for the tech titan leading a new government efficiency effort.

Business - The Wall Street Journal - October 21

Trump says he'd hire a 78-year-old CEO. There aren't many of them.

Donald Trump said he'd appoint a CEO who is 78, his own age. But chief executives of top companies who are his age or older are rare.

Politics - CBS News - October 18

Trump says he'd fire Jack Smith within '2 seconds' of taking office

Former President Trump said Thursday that he would fire special counsel Jack Smith, who is handling the criminal cases against Trump, within "two seconds" of taking office if he wins in November. ...

Politics - The Hill - 6 days ago

Debt rule to change to fund major projects

Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.

Sanders asks whether Trump would be working for Musk in hypothetical second term

Sen. Bernie Sanders (I-Vt.) expressed concern about the potential extent to which tech billionaire Elon Musk could influence the government and its policy if former President Trump is elected to a ...

Politics - The Hill - 3 days ago

At town halls, Elon Musk works to harness his celebrity to boost Trump

In a series of town halls, tech billionaire Elon Musk has sought to harness his power as an influencer to help return Donald Trump to the White House.

Trump says he has '4 or 5 good choices' for potential Defense secretary

Former President Trump signaled Thursday that he has a list of potential nominees to serve as Defense secretary if he wins November's election, hinting at the future of a Cabinet position likely to ...

Politics - The Hill - 6 days ago

Reeves eyeing £40bn in tax rises and spending cuts

Filling the £22bn financial "black hole" would only be enough “to keep public services" still, she told a meeting.

Michigan secretary of state pushes back against Musk's voter registration claims

Michigan Secretary of State Jocelyn Benson (D) and tech billionaire Elon Musk got into a days-long back-and-forth on the social platform X about voter registration in the Wolverine State. On ...

Politics - The Hill - October 22

Top Trump economic adviser says big Fed rate cut was justified

Kevin Hassett is contender to replace Jay Powell as US central bank chair if Republican wins election

Business - Financial Times - October 18

Treasury market under Trump at risk from inflation, not larger fiscal deficit, says analyst

The danger to the Treasury market from a second Donald Trump presidency comes not from a sharp increase in bond issuance but revived price pressures

Business - MarketWatch - 5 days ago

Trump works the fry station, holds a drive-thru news conference at McDonald's

He still offers no evidence for saying Harris didn't work there in college.

Walz says Musk’s $1m voter giveaway reflects that Trump has ‘no plan’

Democratic vice-presidential candidate criticizes tech CEO’s ploy that is under scrutiny for possible vote buying. Tim Walz , Minnesota governor and Democratic vice-presidential candidate, said ...

World - The Guardian - October 21

Is support from Musk winning Trump voters? Survey says no

Roughly 21% of undecided voters said Musk’s endorsement makes them more likely to cast a ballot for Trump, while 28% said it would make that less likely.

Politics - The Hill - 4 days ago

Musk says people accusing Trump of endangering democracy are the real danger

At a town hall in Pennsylvania, tech mogul Elon Musk played down the Jan. 6, 2021 assault on the U.S. Capitol.

Georgia secretary of state office says it repelled cyberattack

The secretary of state's office in Georgia says it was unsuccessfully targeted by a cyberattack earlier this month.

Dan Loeb’s Third Point says a Trump win would boost markets, drive up infrastructure spending

Third Point said it believes the Republicans will take control of both the White House and the Senate, leading to deregulation, an increase in U.S. manufacturing, and higher infrastructure spending

Business - MarketWatch - October 18

Reeves aims to close £40bn funding gap as she plans tax rises in Budget

Figure is significantly more than the £22bn fiscal hole the government previously identified

Business - Financial Times - October 15

Brazil Ministers Renew Push to Sell Lula on Spending Cuts

World - Yahoo News - October 15

Starmer and Reeves face down cabinet revolt over spending cuts

Ministers complain about Treasury approach as prime minister and chancellor finalise October 30 Budget

Business - Financial Times - October 16

No indication Trump was in danger at Coachella rally, federal official says

Police arrested an armed man outside of former President Donald Trump's event in Coachella, California, on Saturday. A federal law enforcement source tells CBS News there's no indication this was ...

Vance says eliminating federal income taxes is not ‘realistic’ as Trump floats it

Donald Trump has floated the idea of eliminating the federal income tax. In an interview with Meet the Press, his running mate, JD Vance, says the idea is not “realistic,” calling it an ...

Politics - NBC News - 3 days ago

Firearms officers to get anonymity in shooting cases, says home secretary

Firearms officers to get presumption of anonymity in trials over shootings in line of duty, home secretary says.

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