Mike Lee News

Tesla CEO Elon Musk of abolishing the Federal Reserve (Fed) aligns with US President- elect Donald Trump's economic vision which potentially increases Elon Musk's influence in the government, reported GO Banking Rates. According to GO Banking Rates, Elon Musk eventually expressed support for dismantling the Fed by sharing a post from Senator Mike Lee, who actually criticized the role of Fed in US economic policy. Eminent experts have already warned that abolishing the Fed could eventually lead to significant economic upheaval which will include heightened inflation volatility and increased borrowing costs for consumers. Also Read :This 45-year old tech CEO eats his final meal at 11 am in the morning; what is the logic and why is he doing this?

Department of Government Efficiency (DOGE) took to X (formerly Twitter) to question the status of the estimated $425 billion worth of gold.

Elon Musk, who is heading U.S. President Donald Trump's drive to shrink the federal government, gave an update on the effort early Monday, saying work is underway to shut down the U.S. foreign aid agency USAID.

Elon Musk, the Tesla CEO has pretty recently endorsed a controversial proposal to allow US Presidents to exert control over the Federal Reserve which in recent days is led by Jerome Powell, reported Business Insider. This endorsement actually aligns with US President- elect Donald Trump's ongoing interest in reshaping the Fed's role, as he has already and previously criticized Jerome Powell while suggesting that he should certainly have a say in monetary policy decisions. According to Business Insider, the support of Elon Musk surfaced after he responded positively to a tweet from Senator Mike Lee advocating for the end of the Fed's independence while using the hashtag ‘#EndtheFed’ and a ‘100’ emoji to signal his eventual agreement. Also Read: Mike Tyson vs Jake Paul on Netflix: How to re-watch, watch highlights?

By Patricia Zengerle

WASHINGTON—Senators broke an immigration-related impasse Thursday morning, reaching a deal on amendments that clears the way to pass a $1.65 trillion spending bill just ahead of the Christmas holiday and a looming winter storm.