Elon Musk brandished a chainsaw on stage at the Conservative Political Action Conference (CPAC) on Thursday, calling it “the chainsaw for bureaucracy” as he backed Donald Trump’s sweeping government reforms.
Tesla CEO Elon Musk took the stage at CPAC wielding a chainsaw, handed to him by Argentina’s President Javier Milei, in a theatrical show of support for cutting federal bureaucracy. The two are set to meet with Trump and IMF officials during Milei’s visit to Washington.
Musk has been tasked with leading the newly formed Department of Government Efficiency (DOGE), an initiative launched by Trump after returning to the presidency last month. The program has already resulted in thousands of job cuts and the dismantling of several federal programs, as part of Trump's broader effort to curb what he calls excessive government spending.
Musk, a vocal critic of government regulations, has embraced the role, promising to drive further reductions in federal agencies. His appointment signals Trump’s push for a more business-driven approach to governance, with a focus on efficiency and cost-cutting.
Milei, known for his libertarian economic policies, has also slashed government spending in Argentina, aligning him ideologically with Trump and Musk. His meeting with Trump and Musk is expected to focus on economic collaboration and deregulation.
The CPAC event underscored the Republican Party’s emphasis on reducing government size, with Musk’s chainsaw stunt symbolizing the administration’s aggressive approach to bureaucracy reform.
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Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Canada has announced nearly $20 billion in retaliatory tariffs on U.S. goods and billions in support for workers and businesses, escalating its trade dispute with Washington after President Donald Trump's latest duties took effect.
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict drives up war-risk insurance and fuel costs.
The trial of a Libyan man accused of building the bomb that destroyed Pan Am Flight 103 over the Scottish town of Lockerbie in 1988, killing 270 people, has been postponed by a U.S. federal judge.
France and Saudi Arabia have agreed on plans for a $7 billion manga-themed amusement complex near Paris, inspired by the hugely popular Japanese franchise Dragon Ball Z.
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