Elon musk news: Tesla and Space X head Elon Musk has announced that he is ending 130-day term as Special Government Employees (SGE) in the US government. He wrote on the social media platform X (East Twitter) that I want to thank President Donald Trump for the opportunity given to reduce government spending. The DOGE mission will become stronger over time.

The Department of Government Efficiency (DOGE) was an administrative innovation, which was given the responsibility of cutting government expenses and increasing efficiency. Unnecessary government expenditure was identified through this campaign. Suggestions were made to reduce expenditure on foreign aid and public broadcasting. NPR, PBS and foreign aid programs were proposed to be deducted by $ 9.4 billion. This step was taken towards government reforms and unnecessary expenses.

As my scheduled time as a special government employee come to an end, I would like to thank President @Realdonaldtrump For the Opportunity to Reduce wasteful speeding.

The @Doge Mission will only strengthen over time as it becomes a way of life through the government.

– elon musk (@elonmusk) May 29, 2025

Alan Musk’s big statement

Alan Musk’s shift is done at a time when he has criticized Trump’s Big and Divorcement Bill. Explain that the Big Builder Bill includes multi-trilian tax break, huge increase in defense spending and expenditure related to immigration control measures. Regarding this, Musk said that this bill weakens the work of dog. This can increase deficit. On this, Trump said in the Oval office that I am not happy with some parts of it, but we will see what happens next.
Rai also divided in Congress and Senate

Some Republic leaders also supported Musk’s statement. Senator Ron Johnson (Wisconsin) said that I am sympathetic to Allen’s discouragement. However, putting pressure on the President does not affect in any way. House speaker Mike Johnson said that he wants the minimum changes in the bill in the Senate, so that the balance remains. However, if the Senate will change the bill in the stage regarding the bill, after which it will again be brought for voting in the House of Representatives.

Musk returns to private sector and cut political expenses

Removing from the government post, Alan Musk said, now I am completely dedicated to Tesla and SpaceX. I will also reduce my political expenses, because I believe I have contributed my contribution. His statement makes it clear that he will back down from politics and focus on his companies.

Us credit rating downgrade: The world’s largest economy has been seen for the first time in the history of America when its rating was cut by three major rating agencies, ie it was not given the top tier credit rating. Moody has reduced the American sovereign credit rating from triple one to ‘AA1’. The most interesting thing is that since the year 1919, Moody was being given the top rating to America. However, in 2023, he gave a negative outlook to America.

Similarly, S.EdP Global Rating removed the rating of triple ‘A’ from the US in 2011. Whereas Fitch rating also reduced America’s rating from August 2023 to ‘AA+’ from Triple ‘A’.

Rating due to increasing debt

Actually, the biggest reason for reducing the US rating from the credit rating agency is the increasing debt. Moody says that America’s debt has increased rapidly in the last decade. In the year 2024, America’s loan was more than about 35 trillion dollars, while its GDP is about 29 trillion dollars.

Moody estimates that the US government deficit i.e. Federal Deficit can come up to 9 percent of GDP by 2035. Last year it was 6.4 percent. In such a situation, the question is arising that after all, what can have some effect on India and other countries of the world to reduce America’s ratings from the rating agencies?

What effect?

Due to ratings by rating agency, the US government may have to pay more interest than before. Seeing the rating of a country or company, investors decide how much loan will be safe. Apart from this, foreign investors remain confident in the Indian market at this time. But if the trend of global investors changes, then there can be loss in its Indian market too. Overall, now America will have to reduce its debt and deficit to fix its rating.

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