My TOP Altcoin for Right Now Is...

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Elon Musk's DOGE Co-Lead Vivek Ramaswamy Expected To Exit Trump Admin Task Force Amid Ohio Governorship Bid

Kaustubh Bagalkote
January 19, 2025

Vivek Ramaswamy, co-leader of President-elect Donald Trump‘s Department of Government Efficiency, is expected to step down from his position, potentially complicating the administration’s ambitious federal spending reduction goals.

What Happened: Ramaswamy, 39, plans to pursue a campaign for Ohio governor by month’s end, reported CBS News citing multiple sources. The departure comes as Ramaswamy’s DOGE co-leader, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk, recently scaled back expectations for budget cuts from $2 trillion to a more modest $1 trillion target.

During a recent interview on X, Musk characterized even this reduced goal as an “epic outcome” if achieved.

The leadership shake-up has caught Wall Street’s attention, though analysts remain optimistic about its impact on the defense sector.

Truist Securities analyst Michael Ciarmoli initiated coverage of Lockheed Martin Corp. (NYSE:LMT) and Northrop Grumman Corp. (NYSE:NOC) with Buy ratings, describing DOGE-related concerns as “overblown” given the advisory nature of the department.

Ramaswamy did not immediately respond to Benzinga's request for comment.

See Also: TikTok Back Online In US After Trump Vows Monday Executive Order

Why It Matters: According to the report, internal dynamics are growing friction between Ramaswamy and incoming DOGE staff, with associates of Musk privately expressing frustration over Ramaswamy’s limited participation in key initiatives.

The department, while not a full federal agency, is tasked with advising on bureaucracy reduction and federal spending cuts, with a mandate to complete its work by July 2026.

Market observers note that previous attempts at significant federal spending reductions have faced congressional resistance, with even modest proposals struggling to gain traction.

Read Next:

  • Bernie Sanders Slams Elon Musk’s Vision Of ‘Super High IQ’ Aristocracy Who Are ‘Going To Be Running The World For Us’

Image Via Shutterstock

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Continue Reading...

Popular

Treasury watchdog begins audit of Musk DOGE team's access to federal government's payment system

WASHINGTON (AP) — The Treasury Department's Office of Inspector General on Friday said it was launching an audit of the security controls for the federal government's payment system, after Democratic senators raised red flags about to Trump aide Elon Musk's Department of Government Efficiency team.

Utah governor signs collective bargaining ban for teachers, firefighters and police unions

SALT LAKE CITY (AP) — Utah's Republican governor on Friday signed a that experts are calling one of the most restrictive labor laws in the country, despite overwhelming opposition from union members.

Live Demo: New Tech to Surpass AI? - Ad

I want to show you a free demonstration. Of one of the most incredible technologies you've ever seen. You'll be getting a peek at the cutting edge... A decade from now, you'll remember where you were when you saw this video.

Honda Shares Are Up Today: What's Going On?

Honda Motor Company Ltd. (NYSE: HMC) shares are moving higher Friday following the company's release of its fiscal third-quarter financial results and the announcement that it terminated merger discussions with Nissan Motor Co., Ltd.

Trump Could Make Surprising Tech Announcement Any Day - Ad

I want to show you a free demonstration. Of one of the most incredible technologies you've ever seen. You'll be getting a peek at the cutting edge... A decade from now, you'll remember where you were when you saw this video.

Corbus Pharmaceuticals Highlights Data From Its First US-Based Trial Of Lead Cancer Drug Candidate

Corbus Pharmaceuticals presented Phase 1 data on CRB-701 at ASCO GU, showing safety, tolerability, and responses across multiple tumor types.

Abu Dhabi Wealth Fund Buy $437 Millions Worth Of BlackRock's Bitcoin ETF

Abu Dhabi's sovereign wealth fund, Mubadala Investment Company, has acquired $436.9 million worth of shares in BlackRock's (NYSE:

Claim Your Share of $5.39 Billion in AI Equity Checks - Ad

Virtually every AI model is built off stolen data...so it's only fair that you deserve some kind of compensation...And the U.S. government seems to agree. Which is why you could now receive as much as $3,452.50 per month on average from "AI Equity Checks."

AP reporter and photographer barred from Air Force One over 'Gulf of Mexico' terminology dispute

The White House barred a credentialed Associated Press reporter and photographer from boarding the presidential airplane Friday for a weekend trip with Donald Trump, saying the news agency’s stance on how to refer to the Gulf of Mexico was to blame for the exclusion. It represented a significant escalation by the White House in a four-day dispute with the AP over access to the presidency.

Stocks Head For Weekly Gains, US Treasury Yields Fall Below 4.5%: What's Driving Markets Friday?

Stocks are headed for weekly gains, with the Dow Jones dipping slightly and the S&P 500 and Nasdaq trading just above the flatline Friday.

Warren Buffett's Investing Partner's Shocking Final Move - Ad

Before he passed away, Charlie Munger, Warren Buffett's investing partner of 60 years, was rumored to have quietly made one final investment... Up until now, it has remained hidden from the public. It's potentially the smartest, most profitable, and most under-valued AI investment you can make today.

Trump creates council for 'energy dominance,' boosts natural gas exports and offshore drilling

WASHINGTON (AP) — President Donald Trump on Friday signed an executive order formally creating a and directed it to move quickly to drive up already record-setting domestic oil and gas production.

South Carolina treasurer calls questions of his role in $1.8 billion accounting error a witch hunt

COLUMBIA, S.C. (AP) — South Carolina Treasurer Curtis Loftis said Wednesday that calls for him to resign over that left the state trying to figure out what happened to a $1.8 billion fund amounted to a witch hunt.

22X Better Than Bitcoin... Without Crypto - Ad

For every $1,000 made in Bitcoin... you could have made as much as $22,000 with this strategy. legendary former hedge fund manager Larry Benedict calls it "Bitcoin Skimming." And get this... it's CRUSHING Bitcoin's returns. If you want to get in on the ground floor then watch this free interview NOW.

Nvidia faces a reckoning as an upstart rival raises questions about Wall Street's darling

NEW YORK (AP) — The superstar run for Nvidia’s stock the last few years has been astonishing. So was its tumble Monday, which caused $595 billion in wealth to vanish. That’s about as much as PepsiCo, McDonalds, Starbucks and Target are worth, combined.

A food bank netted a huge haul of 13,000 fresh salmon. The catch? The fish were still alive

AUBURN, N.Y. (AP) — A New York food bank was offered a huge donation of fresh fish this month — but it came with a catch.

$3,452.50 a Month in Passive "AI Equity Checks" Ends March 25 - Ad

If you didn't know...AI companies stole your data to train their models. AI firms are now legally obligated to pay a handsome monthly fee to a few special companies, who then distribute these checks to everyday Americans like you. And all you have to do to join them is to make an investment as low as $10.

TRUMP Spikes 42%, Dogwifhat Up 25%: What's Going On?

Dogwifhat (CRYPTO: WIF) and the TRUMP (CRYPTO: TRUMP) meme coin are emerging as the highest gainers on Friday, putting in significant rallies from

EPA chief says he will seek return of $20 billion in clean-energy grants awarded by Biden

WASHINGTON (AP) — In a major reversal, the new head of the Environmental Protection Agency said he will try to rescind $20 billion in grants awarded by the Biden administration for climate and clean-energy projects.

AI Companies Stole Your Data, and Now They Owe You... - Ad

If you didn't know...AI companies stole your data to train their models. AI firms are now legally obligated to pay a handsome monthly fee to a few special companies, who then distribute these checks to everyday Americans like you. And all you have to do to join them is to make an investment as low as $10.

NASA's 2 stuck astronauts take their first spacewalk together

CAPE CANAVERAL, Fla. (AP) — NASA’s took their first spacewalk together Thursday, exiting the International Space Station almost eight months after moving in.

What's Going On With Coinbase Stock Friday?

Coinbase Global shares are trading lower on Friday amid a possible selloff.

5-Second Trump Clip will Give You Chills - Ad

If you have any money in the markets, take a moment to see this presentation with a 5-second clip of a shocking prediction President Trump made during his victory speech... Because according to legendary investor Louis Navellier, who correctly predicted Trump's win... This prediction is about to become a reality.

Who can share seeds? As climate change and counterfeits hurt Kenyan farmers, it's a growing question

KIKUYU, Kenya (AP) — Tucked away in a lush, forested area of central Kenya's Kikuyu town, the National Seed Bank stands as a crucial safeguard for the future of the country's agriculture. Inside two chilly rooms of a government building, more than 50,000 seed varieties are cataloged and stored.

At 50, 'Saturday Night Live' celebrates its past as a comedy icon — and wonders about its future

NEW YORK (AP) — Tune into the Oct. 11, 1975 premiere episode of — then without “live” in its name — and you may be instantly surprised at some of the bones of the show that are still intact today.

Elon's No. 1 Investment During Trump's Term - Ad

Because Elon just poured $51 million into a new metal -- a "miracle metal" that is poised to solve the $267 Billion problem Elon says "will become increasingly critical in the next year"...With Trump in office... and Elon by his side... an early investment in a "miracle metal" that is going to revolutionize the AI market...We could be in for a very exciting year.

5 Stocks That Could Suffer With Canadian Tariffs

Trump plans to impose tariffs on Canada, causing businesses to scramble. Auto industry, energy, agriculture, and manufacturing will be impacted.

A South Florida luxury condo project is planned for site where building collapse killed 98 people

SURFSIDE, Fla. (AP) — A Dubai-based developer plans to build a 12-story luxury condominium project on the South Florida site where in 2021, killing 98 people.

The Elon Shock - Ad

All of Elon Musk's strange behavior in recent times is starting to make sense. His feuds with other leading technologists like Sam Altman and Bill Gates has all been building up to what he's been planning in Washington. It's a fascinating new financial story that some say could change life in America forever.

Microsoft reports 10% quarterly profit growth as it works to show AI investments paying off

REDMOND, Wash. (AP) — Microsoft Corp. said Wednesday that its profit for the October-December quarter grew 10% from the same time last year as it works to capitalize on the huge amounts of money it has spent to advance its artificial intelligence technology.

6 Clean Energy Stocks Face Challenges, Opportunities Ahead Of Earnings

Analyst revises ratings/price forecast on clean energy stocks ahead of earnings release. Highlights key areas to watch for each company.

3 AI Stocks Tied to President Trump's White House Return - Ad

Trump's return to the White House coincides with AI's -- and Nvidia's -- continued boom. That's why the President is crucial to Michael Robinson's 2025 AI Blueprint. Michael is a 40-year veteran of Silicon Valley has an AI Blueprint featuring three companies working with Nvidia who could be poised to benefit now that Trump is back in the White House.

UK Treasury chief backs third runway at London's Heathrow Airport

LONDON (AP) — The U.K. government is backing the construction of a third runway at London’s Heathrow Airport, Treasury chief Rachel Reeves said Wednesday.

"Trump Coins:" the Next Big Thing - Ad

Have you heard of "Trump Coins?" Even though these coins are associated with or endorsed by President Trump... Tech legend Jeff Brown believes his policies will help send these coins higher than anyone can imagine in 2025.

Elon Musk Is 'Kind Of Glad' Many Didn't Pick Up A Tesla FSD Subscription: Here's Why

Tesla Inc CEO Elon Musk said on Wednesday that the company will likely have to update hardware for customers whose vehicles are equipped with an older version of the AI hardware called Hardware 3, for it to achieve fully unsupervised autonomous driving with full self-driving (FSD) driver assistance software.

Stryker's Strategic Moves Impress Analysts, Spine Implant Sale and NARI Deal Set to Drive Future Growth

Wall Street analysts upgraded Stryker Corp (NYSE: SYK) after its Q4 report beat expectations, with strong sales and earnings growth projected for 2025.

Musk and Trump Bullish on New Tech Beyond AI - Ad

Elon Musk is heavily invested in a cutting-edge new technology. In fact, Musk has turned the new president on to this breakthrough. And President Trump could make an announcement any day that could spike the price of stocks in this sector.

Bill Ackman Questions Whether DeepSeek AI's Hedge Fund Affiliate Profited From Nvidia's Sell-Off: 'A Fortune Could Have Been Made'

Billionaire investor Bill Ackman questioned whether DeepSeek's hedge fund affiliate potentially profited from Monday's tech stock rout, which saw Nvidia Corp. shares plunge 17% following the Chinese artificial intelligence startup's emergence as a potential disruptor.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service