As Musk referenced in his email, the report says the banks hope to use the narrative of Musk’s link to Donald Trump, as some unnamed investors may be interested in buying based on a belief that its financials are on the way up.

Musk isn’t introducing a novel idea. For years, people have advocated eliminating the penny, as pennies are rarely spent as change. And since the Covid-19 pandemic, more consumers are shopping online or avoiding physical currency altogether .

Elon Musk has promised to find upward of $2 trillion in savings in a federal budget that is projected to spend $7 trillion in 2025 — and if he has to rifle through the nation’s couch cushions to do so,

Meanwhile, DOGE is facing multiple lawsuits alleging it violates a 1972 transparency law. Elon Musk’s Department of Government Efficiency is losing its top lawyer just as the special commission faces mounting litigation over alleged transparency violations.

Well, that’s not very efficient. Elon Musk’s much-hyped White House panel is losing its top lawyer to the private sector mere days into its existence, a Wall Street Journal report revealed Thursday. Bill McGinley,