The White House has appointed Elon Musk, the wealthiest individual globally, as a “special government employee.” This designation allows Musk to be employed by the federal government while potentially sidestepping certain disclosure rules.
What Happened: As reported by Reuters, Musk, who continues to helm Tesla Inc. (NASDAQ:TSLA) and SpaceX, has been charged with leading Trump’s cost-cutting initiative, the Department of Government Efficiency. This role has granted Musk’s team access to various government systems, triggering concern and turmoil within some agencies.
Musk’s new designation could enable him to bypass disclosure rules about conflicts of interest and finances applicable to regular government employees. He will not receive a paycheck. This development has sparked scrutiny, with Democratic lawmakers voicing concerns over a billionaire without an electoral mandate gaining substantial power over …
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