Trump Signs Law to Launch Dollar 2.0

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Elon Musk, Marco Rubio Clash In Heated White House Meeting In First Signs Of Tensions In Trump's Cabinet: Report

Rounak Jain
March 08, 2025

In a dramatic turn of events at the White House, Elon Musk and Marco Rubio reportedly engaged in a heated debate during a meeting with President Donald Trump and other officials. The confrontation centered around Musk’s aggressive cost-cutting strategies and Rubio’s staffing decisions.

What Happened: According to The New York Times, the tension unfolded in the Cabinet Room, where Musk accused Rubio of insufficient staff reductions, claiming only one employee was dismissed from Musk's Department of Government Efficiency.

Rubio countered by highlighting the early retirement of over 1,500 State Department officials as proof of layoffs.

The meeting, attended by approximately 20 individuals, was a pivotal moment in President Trump’s second term.

It signaled potential limitations on Musk’s cost-cutting measures, which have faced legal challenges and raised concerns among Republican lawmakers.

President Trump, witnessing the exchange, stepped in to defend Rubio’s efforts and urged for teamwork.

He emphasized the necessity for a more nuanced approach to government efficiency, suggesting that cabinet secretaries would now take the lead, with Musk’s team serving in an advisory role.

Despite the intense exchanges, the meeting underscored growing tensions within Trump’s administration.

Musk remains a key political supporter of Trump, but the session highlighted the challenges of balancing his influence with the administration’s objectives.

Why It Matters: This clash comes amid ongoing controversies surrounding Musk’s Department of Government Efficiency (DOGE).

Recently, over 20 civil service employees resigned, refusing to participate in dismantling what they deemed essential public infrastructure. This incident, highlighted internal resistance to Musk’s strategies.

Furthermore, reports from Mar. 7 revealed that DOGE employees are receiving substantial taxpayer-funded salaries while downsizing federal agencies. This has fueled criticism of Musk’s cost-cutting measures, with some questioning the efficiency of such high salaries amid budget cuts.

Additionally, DOGE staffers faced a setback when denied entry to the U.S. African Development Foundation headquarters. This incident is part of a broader conflict stemming from Trump’s executive order to eliminate certain functions of independent agencies, further complicating Musk’s efforts.

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

Photo courtesy: Shutterstock

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