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Fox News
12-07-2025
- Business
- Fox News
Extra: DOGE and the Challenges of Actually Cutting the Deficit
Elon Musk's embrace of President Trump and his campaign marked a pivotal moment in the 2024 presidential election. Musk was eventually appointed to head the newly established Department of Government Efficiency (DOGE), where he was tasked with cutting federal spending and reducing the national debt. DOGE moved quickly and decisively, triggering lawsuits and further enraging Trump's critics. Although Musk has since left the Trump administration and experienced a very public fallout with President Trump, DOGE continues to operate and make an impact. Matthew Continetti, Director of Domestic Policy Studies at the American Enterprise Institute, joined FOX News Rundown host Jessica Rosenthal to discuss DOGE, highlighting where it was effective in cutting waste, fraud, and abuse, and where it fell short of the expectations set by Musk and the administration. Continetti, who is featured in FOX Nation's new documentary 'DOGE vs. DC,' also weighs in on the public spat between Musk and the President, as well as the challenges politicians face when addressing America's debt seriously. We often have to cut interviews short during the week, but we thought you might like to hear the full interview. Today on Fox News Rundown Extra, we will share our entire interview with AEI's Matthew Continetti on the legacy of DOGE. Learn more about your ad choices. Visit
News24
06-07-2025
- Politics
- News24
Elon Musk says he has created a new political party to ‘end the Uniparty' system in US
Elon Musk announced the formation of the 'America Party', aiming to challenge the US' 'one-party system' and target lawmakers supporting excessive domestic spending, after a fallout with President Donald Trump. Musk's criticism of Trump-backed legislation, which he claims will exacerbate national debt, fuelled his vow to oust Republican lawmakers who fail to uphold reduced federal spending promises. Musk's initiative faces skepticism due to concerns about dividing the electorate, drawing comparisons to historical third-party efforts like Ross Perot's 1992 presidential run. Elon Musk, an ex-ally of US President Donald Trump, said on Saturday he had launched a new political party in the United States to challenge what the tech billionaire described as the country's 'one-party system'. The world's richest person – and Trump's biggest political donor in the 2024 election – had a bitter falling out with the president after leading the Republican's effort to slash spending and cut federal jobs as head of the so-called Department of Government Efficiency (DOGE). Musk has clashed with Trump over the president's massive domestic spending plan, saying it would explode the US debt, and vowed to do everything in his power to defeat lawmakers who voted for it. Now he has created the so-called America Party, his own political framework, through which to try and achieve that. 'When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,' the Space X and Tesla boss posted on X, the social media platform that he owns. 'Today, the America Party is formed to give you back your freedom.' Musk cited a poll – uploaded on Friday, US Independence Day – in which he asked whether respondents 'want independence from the two-party (some would say uniparty) system' that has dominated US politics for some two centuries. The yes-or-no survey earned more than 1.2 million responses. 'By a factor of 2 to 1, you want a new political party and you shall have it!' he posted on Saturday. Musk also shared a meme depicting a two-headed snake and the caption 'End the Uniparty'. 'Laser focus' on vulnerable lawmakers It is not clear how much impact the new party would have on the 2026 mid-term elections, or on the presidential vote two years after that. The Trump-Musk feud reignited in dramatic fashion late last month as Trump pushed Republicans in Congress to ram through his massive domestic agenda in the form of the One Big Beautiful Bill. Musk expressed fierce opposition to the legislation, and ruthlessly attacked its Republican backers for supporting 'debt slavery'. He vowed to launch a new political party to challenge lawmakers who campaigned on reduced federal spending only to vote for the bill, which experts say will pile an extra $3.4 trillion over a decade onto the US deficit. Musk said earlier this week: They will lose their primary next year if it is the last thing I do on this Earth. After Musk heavily criticised the flagship spending bill – which eventually passed Congress and was signed into law – Trump threatened to deport the tech tycoon and strip federal funds from his businesses. 'We'll have to take a look,' the president told reporters when asked if he would consider deporting Musk, who was born in South Africa and has held US citizenship since 2002. On Friday after posting the poll, Musk laid out a possible political battle plan to pick off vulnerable House and Senate seats and become 'the deciding vote' on key legislation. 'One way to execute on this would be to laser-focus on just 2 or 3 Senate seats and 8 to 10 House districts,' Musk posted on X. All 435 US House seats are up for grabs every two years, while about one-third of the Senate's 100 members, who serve six-year terms, are elected every two years. Some observers were quick to point out how third-party campaigns have historically split the vote – as businessman Ross Perot's independent presidential run in 1992 did when it helped doom George H.W. Bush's re-election bid, resulting in Democrat Bill Clinton's victory. 'You are pulling a Ross Perot, and I don't like it,' one X user wrote to Musk.
Fox News
05-06-2025
- Business
- Fox News
Elon and The President Are Getting A Divorce
At one point, President Donald Trump and Elon Musk seemed like the tightest duo in politics. Now, the tech billionaire has taken to X to bash the president and his policies. Kennedy explores the consequences of their fallout, including Musk's loss of support from both the left and the right, and the implications this could have on federal spending and economic policies. Follow Kennedy on Twitter: @KennedyNation Kennedy Now Available on YouTube: Follow on TikTok: Join Kennedy for Happy Hour on Fridays! Learn more about your ad choices. Visit
