In recent days, Tesla CEO and U.S. billionaire Elon Musk criticized President Donald Trump's new budget bill, which included new spending measures and a US$4 trillion increase to the U.S. debt limit. Musk was brought into the White House on a 130-day mandate to reduce government spending. During that period, he cut close to 300,000 government and contractor jobs. Musk thanked Trump for the opportunity in a social media post on X on Wednesday.
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00:00Billionaire Tesla CEO Elon Musk is leaving the Trump administration as his 130-day mandate to reduce government spending comes to an end.
00:09Musk thanked President Trump for the opportunity in a post on X.
00:12His departure comes just days after he criticized Trump's newest budget bill, which proposes increasing Washington's debt ceiling by $4 trillion.
00:21During Musk's four months heading the administration's Department of Government Efficiency,
00:25his team laid off almost 300,000 government staff and contractors.