Deutsche Tageszeitung - Trump says would tap Musk to lead US government 'efficiency' panel

Trump says would tap Musk to lead US government 'efficiency' panel


Trump says would tap Musk to lead US government 'efficiency' panel
Trump says would tap Musk to lead US government 'efficiency' panel / Photo: © AFP/File

Donald Trump announced Thursday that if elected president he would appoint billionaire Elon Musk to lead an audit of government spending and implement "drastic" reform.

Change text size:

Trump said that at Musk's suggestion, he would "create a government efficiency commission tasked with conducting a complete financial and performance audit of the entire federal government," with the Tesla CEO as its chief.

Trump, who is known for hyperbole, told the Economic Club of New York the effort could save "trillions and trillions of dollars."

"This commission will develop an action plan to totally eliminate fraud and improper payments within six months," Trump said.

Musk -- who has said he previously voted for Democratic candidates -- has thrown his weight and considerable wealth behind Trump since a gunman tried to assassinate the former president at a rally in July.

Musk has a history of sparring with regulators, as when the Securities and Exchange Commission required vetting of his Twitter posts following 2018 tweets that the agency characterized as "false and misleading."

Other Musk initiatives, such as his pursuit of autonomous driving technology, also face oversight by government agencies.

(S.A.Dudajev--DTZ)

Featured

British buyers pay substantial premiums for period-home appearance

Estate agents say demand for Victorian, Edwardian and Georgian homes is pushing some buyers to pay far more for exterior character even when newer properties provide greater space.

Freshways milk-price cut deepens pressure on UK dairy farms

British dairy farmers have warned of mounting losses after processor Freshways announced a 7p-a-litre reduction in the price it pays producers.

Valsoft's TAG Software Group Enters the Content Operations Market with the Acquisition of Chalco

MONTRÉAL, QC / ACCESS Newswire / November 6, 2026 / Valsoft Corporation Inc. ("Valsoft"), a Canadian company specializing in the acquisition and long-term development of vertical market software businesses, today announced the acquisition of 100% of Chalco, a software platform for managing the full lifecycle of product content and information, from Hyphen-Group. The deal marks Valsoft's entry into the content operations market, a fast-growing space that is increasingly critical to organizational growth in the age of AI, and brings the number of industries in which Valsoft operates to more than 20. The acquisition was completed by TAG Software Group through Chalco Technologies Srl ("Chalco Technologies"), a newly formed company wholly owned by Valsoft.

Samsung Leads Global DRAM Market as SK Hynix Gains Share

Samsung Electronics retained the top spot in global DRAM revenue for Q3, while rival SK hynix increased its market share significantly.

Change text size: