USA: U.S. President Donald Trump has responded to recent claims regarding Elon Musk’s influence over the U.S. Treasury, stating that the billionaire entrepreneur cannot unilaterally halt federal payments. Trump’s remarks come amid growing concerns over Musk’s expanding business empire and its potential impact on national financial policies. The president emphasized that no single individual, regardless of their wealth or power, should have control over government finances, reinforcing the principle of checks and balances in the U.S. system.
The controversy stems from reports suggesting that Musk, through his companies and technological advancements, could exert indirect pressure on financial institutions. Some analysts have speculated that Musk’s ventures, particularly in digital payments and financial technology, might provide him with tools to disrupt traditional government financial operations. However, Trump dismissed these concerns, asserting that the U.S. Treasury operates under strict regulations that prevent any individual from manipulating its functions. He further assured the public that such fears were exaggerated and politically motivated.
In a broader statement, Trump also addressed potential conflicts of interest between the U.S. government and major corporate leaders, vowing to prevent undue corporate influence over national policies. He pointed out that while innovation and economic progress are essential, it is equally important to maintain ethical boundaries between private businesses and public administration. The former president reaffirmed his commitment to ensuring that no business leader, regardless of their influence, would be allowed to interfere with government operations in a way that could disrupt economic stability.
This debate highlights the ongoing concerns about the growing power of tech moguls in shaping national policies. While Musk’s supporters argue that his contributions to technology and industry have been transformative, critics warn that his increasing reach could pose risks to democratic governance. As discussions on financial regulations and corporate influence continue, Trump’s remarks signal an effort to reassert governmental authority over economic policies and safeguard the integrity of public institutions.
