Catenaa, Friday, April 04, 2025-Goldman Sachs raised the probability of a US recession to 35%, up from 20%, citing economic risks tied to tariffs and policy uncertainty. As economic turbulence grows, conflicting reports emerged Wednesday about Elon Musk’s potential departure from his role with the Department of Government Efficiency (DOGE), an advisory entity under the Trump administration.
Politico reported that President Donald Trump and Musk have privately agreed the billionaire entrepreneur will step back from his government role in the coming months.
A White House official confirmed to NBC News that the topic was discussed at a March 24 Cabinet meeting. However, White House Press Secretary Karoline Leavitt refuted the claims, calling them “garbage” in a post on X.
Musk, who remains CEO of Tesla and X, has faced scrutiny over his government involvement. As a special government employee, he is limited to 130 working days per year, with his term expected to reach that threshold by June. Despite initial claims he would serve indefinitely, a shift in stance appears likely.
Musk’s political ties have sparked backlash, with Tesla dealerships and charging stations vandalized in recent months. Speaking at a Wisconsin town hall, he acknowledged the financial toll, stating Tesla’s stock has “roughly halved.” He also dismissed speculation that DOGE was linked to Dogecoin, saying the federal agency had no cryptocurrency plans.
