Tech billionaire Elon Musk announced his resignation as a top adviser to former U.S. President Donald Trump on May 28, citing disagreements over a pending spending and tax-cut bill. In a statement posted on social media platform X, Musk acknowledged his role in leading the Department of Government Efficiency (DOGE) since 2017, where he spearheaded efforts to reduce "wasteful spending" through federal job cuts and restructuring programs.
Musk's tenure included controversial measures such as dismantling the U.S. Agency for International Development (USAID) and accessing sensitive government data without formal oversight. His departure follows escalating tensions with Trump over fiscal policy, particularly a proposed bill Musk claims would "exacerbate the federal deficit." Analysts suggest the move reflects broader debates about fiscal responsibility in U.S. policymaking.
While Musk did not elaborate on future plans, his critique highlights growing scrutiny of deficit-driven legislation. The development offers insights for business professionals monitoring U.S. economic trends and their potential ripple effects across global markets.
