Trump Expresses Trust in Musk's Integrity Amid DOGE Project Concerns

In an interview with Time Magazine, President-elect Donald Trump addressed worries regarding Elon Musk's involvement with the newly established Department of Government Efficiency, known as DOGE. Trump expressed his belief that Musk, considered one of the few individuals with the necessary credibility, places the interests of the country ahead of those of his companies, specifically referencing the billions in federal contracts held by Musk's enterprises.

Musk's collaboration with the DOGE initiative is set to keep him outside of government regulations that could impose ethical standards on his business conduct, allowing him to maintain his wealth without having to disclose his financial holdings. This separation could afford Musk some influence over government regulatory bodies that have previously scrutinized his various companies, including SpaceX and Tesla, particularly in relation to investigations by the FAA and SEC.

As the specifics surrounding the DOGE initiative remain somewhat uncertain—particularly regarding its compliance with the Federal Advisory Committee Act—legal experts suggest that it indeed falls under the regulation of the 1972 law, which mandates public proceedings and equitable membership. Throughout his time in the spotlight, Musk has developed a close relationship with Trump, further branding himself as a loyal supporter as they navigate this new project together.

In the same interview, Trump noted the challenges ahead in efforts to reduce grocery prices, mentioning economists' concerns that his protectionist trade strategy may lead to higher inflation rates. The Trump transition team has yet to provide further comments in response to these pressing economic issues.