By admin 
Elon Musk has warned of a US bankruptcy, further escalating tensions with Trump. Musk said the country could go bankrupt if the US does not reduce its budget. Musk was particularly concerned about the country’s growing budget deficit, which reached $1.8 trillion last fiscal year.
Why did Musk give this warning?
He said that reducing federal spending is no longer an option but a necessity. But these tough fiscal policies of the Trump administration are increasingly embroiled in legal disputes.
Trump has issued several executive orders in recent weeks aimed at reducing government spending. But his policies have led to the closure of many federal agencies or the sending of their employees home. 2 As a result, these decisions have been challenged in several US courts. Opposition leaders and several social organizations have called it an illegal abuse of power and have filed lawsuits against the Trump administration.
Musk has also been questioned, and is being accused of a conflict of interest, as he is also the CEO of SpaceX and Tesla, which have several major contracts with the US government. When asked about this on Tuesday, Musk said he is trying to maintain complete transparency.
Another decision by the DOGE team has raised concerns among critics. According to reports, this agency has gained access to the personal and financial information of millions of American citizens through the US Treasury Department2. Following this revelation, several lawmakers and human rights organizations have strongly objected to it.
The issue is currently in direct conflict between the Trump administration and the US courts. It will now be interesting to see whether Trump and Musk’s mitigation plans will be able to overcome legal challenges or face setbacks from the courts.
Gill Bikram Singh