riversedge
riversedge's JournalAs Musk works to slash federal spending, his own firms have received billions in government contracts
As Musk works to slash federal spending, his own firms have received billions in government contracts
https://abcnews.go.com/US/musk-works-slash-federal-spending-firms-received-billions/story?id=118589121
NASA is the single largest customer of Musk's company SpaceX.
By Soo Rin Kim
February 10, 2025, 6:22 PM
As billionaire businessman Elon Musk has been leading an unprecedented effort to slash government spending, his own companies have, over the last several years, received an increasing amount of funding through government contracts, according to federal spending data.
Over the last decade, Musk's companies SpaceX and Tesla were awarded at least $18 billion in federal contracts, according to spending data -- with SpaceX winning more than $17 billion worth of contracts since 2015.
Federal contracts to SpaceX doubled at the beginning of the Biden administration, going from $1.1 billion in the 2020 fiscal year to $2.2 billion in the 2021 fiscal year. The contracts continued to grow under Biden, reaching $3.7 billion during the 2024 fiscal year.
Since President Donald Trump took office last month, Musk, as the head of the Department of Government Efficiency, has wasted no time carrying out Trump's effort to trim the federal government, including allegedly terminating hundreds of federal contracts across multiple agencies and offering "Fork in the Road" buyouts to two million government employees in the form of a deferred resignation offer.
In the first two weeks of the new administration, DOGE's X account claimed it terminated $1 billion worth of DEIA-related contracts across 30 federal agencies -- though the accuracy of the claim is hard to verify given its vague nature. Musk himself has not discussed the specifics of the cuts.
Trump: "We're going to take Gaza"--under the US authority he tells Reporters---msnbc..........
Are people going to finally wake up?? seriously!!
Reporter: Mr. President, take it under what authority? It is sovereign territory.
Trump: Under the US authority.
https://x.com/Acyn/status/1889375875067682842
https://x.com/DenisonBarbs/status/1889376162427908536
Speaker Johnson Refuses To Say Whether Trump Should Comply With Court Orders
Source: mediaite
What a little snowflake Johnson is!!
If Trump did not like the Judge's ruling, he can appeal. Instead he had his lawyers write a long letter--which IMHO was just another delay tactic.
Michael Luciano Feb 10th, 2025, 5:54 pm
........................
On Monday, a federal judge said Trump is in violation of an order to release grant funding that he froze last month.
Meanwhile at the U.S. Treasury, Musk and his cadre of young staffers accessed the department’s massive payment system. On Saturday, a federal judge ruled Musk and his team’s access be halted because of the potential for “irreparable harm.” The judge also ordered that Musk delete records he had downloaded at the department.
CNN’s Manu Raju caught up with the Speaker of the House on Monday and asked if Trump should abide by court rulings:
.................
RAJU: Should the White House comply if a federal court orders them to do something, such as destroying the records that they downloaded from the Treasury Department?
JOHNSON: Well, look, there are appellate processes and all of that. I haven’t followed the latest on the litigation, but obviously we have systems that have to work… We’re fully supportive of what the DOGE effort is doing and what the president is doing. It’s a very aggressive agenda that was promised to the voters. Remember, he’s delivering on campaign promises right now. We are going to be codifying a lot of these changes. And what they’ve uncovered is frankly, shocking… This is a good development. I wish the courts would allow the executive and the legislative branches to work......................................
Read more: https://www.mediaite.com/tv/speaker-johnson-refuses-to-say-whether-trump-should-comply-with-court-orders/
A new statement from the WH makes it clear they're going to reverse Biden's reforms on overdraft fees and.......
damm!
A new statement from the White House makes it clear they’re going to reverse the Biden administration’s reforms on overdraft fees and blocking medical debt from being listed on credit reports.
https://x.com/darkmatterqueen/status/1889100326457970742
Asked Senate Majority Leader John Thune if he believes the WH should comply with court orders halting several Trump acti
IMHO Thune only recited what 4th or 5th graders learn in a civics class.
Asked Senate Majority Leader John Thune if he believes the WH should comply with court orders halting several Trump actions.
“The courts, obviously are the sort of the branch of our government that calls balls and strikes, and referees, and I think that they've got an important role to play," he said.
"We have three branches of our government in this country, co-equal and independent branches, and the judiciary is the one that resolves some of the differences that often occur between executive and legislative branches," he continued, adding that he expects federal courts to continue to play "the important role of ensuring that the laws in the country are followed."
3:02 PM · Feb 10, 2025
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84.9K
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moonbreeze
https://x.com/mkraju/status/1889057415657640207
Russia: Pavel Talankin, a teacher tasked with documenting the indoctrination of kids in his school fled the country with
Russia: Pavel Talankin, a teacher tasked with documenting the indoctrination of kids in his school fled the country with the footage and turned into a documentary to expose the process of Kremlin brainwashing.
"Mr. Nobody Against Putin"
https://x.com/igorsushko/status/1889039168107602015
More Than 800K Have Lost $2B on Trump's Meme Coin
More Than 800K Have Lost $2B on Trump’s Meme Coin
Nandika Chatterjee Updated 02.09.25 2:11PM EST
https://www.thedailybeast.com/more-than-800k-have-lost-2b-on-trumps-meme-coin/
Published 02.09.25 12:23PM EST
President Donald Trump’s cryptocurrency, called $Trump, has cost investors billions. Trump announced the launch of his meme coin—a type of cryptocurrency that features Internet memes or celebrity mascots—just three days before his inauguration. “Join my very special Trump Community. GET YOUR $TRUMP NOW,” he wrote on TruthSocial. The opening sale for one of the 5,971,750 tokens was just 18 cents, but it quickly surged to $75. Early traders who purchased the meme coins within minutes walked away with profits, with the earliest trader making a two-day profit of $109 million, according to an analysis by the New York Times. But the price of $Trump has since plummeted to about $17, costing a far larger group cumulative losses of $2 billion. As of the middle of the week, more than 810,000 crypto wallets have lost money on the bet, an examination by crypto forensics firm Chainalysis showed. Meanwhile, the Trumps have raked in over $100 million in trading fees as Trump makes moves to curb government efforts to regulate cryptocurrencies. “The president is participating in shady crypto schemes that harm investors while at the same time appointing financial regulators who will roll back protections for victims and who may insulate him and his family from enforcement,” Corey Frayer, who recently left his job as a crypto adviser to the Securities and Exchange Commission, told the New York Times.
Read it at The New York Times
⚡️ The historic moment of Estonia leaving the Russian-fed power grid-short video. On February 8,
I have no idea if this scene really happened--as I do know nothing about power structures.
Sure is wonderful that it is happening though. These small countries are saying NO to PUTIN!!
⚡️ The historic moment of Estonia leaving the Russian-fed power grid.
On February 8, Lithuania, Latvia and Estonia left Russia and Belarus energy system. By the end of the day today, they will have joined the European grid.
https://x.com/Gerashchenko_en/status/1888517734855479534
Gov Evers: Wisconsin is joining a lawsuit against the Trump Administration to prevent them from disclosing.....
I am so grateful to Gov Evers.
WI has a Red legislature and Gov Evers has prevented the worse of worst from happening to us.
I will cross post in WI forum.
Governor Tony Evers
@GovEvers
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Feb 7
NEW: Wisconsin is joining a lawsuit against the Trump Administration to prevent them from disclosing our most private information and data like Social Security numbers and bank account details to ‘DOGE’ and god knows who else.
My statement ⬇️
https://x.com/GovEvers/status/1888018369485435104
All USAID humanitarian work around the world has been stopped -- including all life-saving programs. "Right now, there i
I feel so bad for all involved.
All USAID humanitarian work around the world has been stopped — including all life-saving programs.
"Right now, there is no USAID humanitarian assistance happening," a current USAID official in the humanitarian division revealed. "There are waivers put in place by Secretary Rubio for emergency…
https://bsky.app/profile/wordswithsteph.bsky.social/post/3lhmo7rcdck2z
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