In a letter to the Treasury secretary, the Democratic senator warned against meddling with a system that processes trillions of dollars of transactions.
Workers at the U.S. Agency for International Development are bracing for a loss of its independent status and sweeping layoffs as President Trump continues slashing foreign aid.
Treasury Secretary Scott Bessent gave Mr. Musk’s representatives at the so-called Department of Government Efficiency a powerful tool to monitor and potentially limit government spending.
The tech billionaire and top Trump ally visited the General Services Administration, which appears to be a key part of his crusade to cut the cost of government buildings.
Michael Grimes, a top banker at Morgan Stanley, would become the latest leading tech figure to join the Trump administration, as a senior official at the Commerce Department.
Federal agencies have offered exits to millions of employees and tested the prowess of engineers — just like when Elon Musk bought Twitter. The similarities have been uncanny.
As Mark Zuckerberg and other tech titans have embraced President Trump and muffled internal dissent at their companies, their mostly left-leaning employees have objected with subtle acts of defiance.
The founder of SpaceX said President Trump had asked his company to return two astronauts aboard the space station to Earth “as soon as possible.” NASA said it would do that “as soon as practical.”
The electric car company run by Elon Musk is facing increasing competition, but investors have focused mostly on the prospects for Tesla’s self-driving technology.
His comments to the hard-right Alternative for Germany party escalated efforts by the billionaire to influence the country’s election for chancellor next month.
Gaming is a big part of the billionaire’s public persona. But other players are questioning whether he has the time or the skill to be as accomplished as he claims.
The rebranding of a former White House digital office into the new Department of Government Efficiency signals its potential limits, budget experts said.
A debate over the program for skilled foreign workers has pitted immigration hard-liners against some of President Trump’s most influential supporters in the tech industry.