By Nathan Layne (Reuters) -Gavin Kliger, one of the top staffers working with Elon Musk in his efforts to overhaul the federal government, arrived at the Internal Revenue Service on Thursday to examine the agency’s operations, according to two people familiar with the matter. Kliger was meeting with senior executives at the tax-collecting agency, marking…
By Mike Stone, Fanny Potkin and Wen-Yee Lee WASHINGTON/SINGAPORE/TAIPEI (Reuters) -The White House is seeking to renegotiate U.S. CHIPS and Science Act awards and has signaled delays to some upcoming semiconductor disbursements, two sources familiar with the matter told Reuters. The people, along with a third source, said the new administration is reviewing the projects…
By Nate Raymond (Reuters) – Donald Trump and his supporters on Wednesday continued to ramp up their criticism of judges who they say have stymied the Republican U.S. president’s second-term agenda, with billionaire ally Elon Musk calling for “an immediate wave of judicial impeachments.” Those statements came a day after federal courts forced U.S. agencies…
By Ernest Scheyder and Sheila Dang HOUSTON (Reuters) -Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition. The No. 2 U.S. oil producer has faced production challenges…
(Reuters) – Federal Reserve Chair Jerome Powell on Tuesday said he did not believe that Elon Musk or members of his Department of Government Efficiency team have tried to access the Fed’s secure payment systems. “Will you commit to report to this committee, majority and minority, immediately should you become aware of any such attempt…
By Davide Barbuscia NEW YORK (Reuters) – Bond investors were thrown off balance on Monday by U.S. President Donald Trump’s weekend remarks on investigating Treasury debt payments for fraud, with some hoping they signaled a future pullback in debt issuance. Speaking to reporters aboard Air Force One, Trump said officials reviewing wasteful spending had shifted…
WASHINGTON (Reuters) – The Federal Aviation Administration said on Monday it is reversing a four-year-old decision to rename pilot messages and reinstating the prior “Notice to Airmen” term. In December 2021, the FAA under President Joe Biden renamed the messages “Notices to Air Missions,” commonly known as NOTAMs, saying it was “inclusive of all aviators…
(Reuters) -A consortium of investors led by billionaire Elon Musk is offering $97.4 billion to buy the nonprofit that controls artificial intelligence startup OpenAI, the Wall Street Journal reported on Monday. Musk’s attorney, Marc Toberoff, said he submitted the bid to OpenAI’s board on Monday, according to the report. “It’s time for OpenAI to return…
By Arriana McLymore (Reuters) -Amazon.com removed a reference to “inclusion and diversity” in its annual report filed on Thursday, after it told employees in a December memo that it was winding down its programs as part of corporate America’s broader retreat from such policies. Some of America’s biggest businesses have been scaling back diversity initiatives,…
By Alexandra Alper and Raphael Satter WASHINGTON (Reuters) – One of the people working with billionaire Elon Musk in his efforts to overhaul the U.S. government is a Berkeley-educated computer scientist who has boosted white supremacists and misogynists online. Gavin Kliger lists his job on LinkedIn as “Special Advisor to the Director” at the Office…
