World
Elon Musk leaving Trump administration, capping turbulent tenure
While Musk remains close to the president, his exit comes after a gradual, but steady slide in standing.
Billionaire Tesla, CEO Elon Musk is leaving the Trump administration after leading a tumultuous efficiency drive, during which he upended several federal agencies, but ultimately failed to deliver the generational savings he had sought, Reuters reported.
His “off-boarding will begin tonight,” a White House official told Reuters late Wednesday, confirming Musk’s departure from government. Musk earlier on Wednesday took to his social media platform X to thank President Donald Trump as his time as a special government employee with the Department of Government Efficiency draws to an end.
His departure was quick and unceremonious. He did not have a formal conversation with Trump before announcing his exit, according to a source with knowledge of the matter, who added that his departure was decided “at a senior staff level.”
While the precise circumstances of his exit were not immediately clear, he leaves a day after criticizing Trump’s marquee tax bill, calling it too expensive and a measure that would undermine his work with the U.S. DOGE Service.
Some senior White House officials, including Deputy Chief of Staff Stephen Miller, were particularly irked by those comments, and the White House was forced to call Republican senators to reiterate Trump’s support for the package, a source familiar with the matter said, read the report.
While Musk remains close to the president, his exit comes after a gradual, but steady slide in standing.
After Trump’s inauguration, the billionaire quickly emerged as a powerful force in Trump’s orbit: hyper-visible, unapologetically brash and unfettered by traditional norms. At the Conservative Political Action Conference in February, he brandished a red metallic chainsaw to wild cheers. “This is the chainsaw for bureaucracy,” he declared.
On the campaign trail, Musk had said DOGE would be able to cut at least $2 trillion in federal spending. He did not hide his animus for the federal workforce, and he predicted that revoking “the COVID-era privilege” of telework would trigger “a wave of voluntary terminations that we welcome.”
But some cabinet members who initially embraced Musk’s outsider energy grew wary of his tactics, sources said. Over time, they grew more confident pushing back against his job cuts, encouraged by Trump’s reminder in early March that staffing decisions rested with department secretaries, not with Musk, Reuters reported.
Musk clashed with three of Trump’s most senior cabinet members – Secretary of State Marco Rubio, Transportation Secretary Sean Duffy and Treasury Secretary Scott Bessent. He called Trump’s trade adviser Peter Navarro a “moron” and “dumber than a sack of bricks.” Navarro dismissed the insults, saying, “I’ve been called worse.”
At the same time, Musk began to hint that his time in government would come to a close, while expressing frustration at times that he could not more aggressively cut spending.
In an April 22 Tesla conference call, he signaled he would be significantly scaling back his government work to focus on his businesses.
Musk’s 130-day mandate as a special government employee in the Trump administration was set to expire around May 30. The administration has said DOGE’s efforts to restructure and shrink the federal government will continue.
“The DOGE mission will only strengthen over time as it becomes a way of life throughout the government,” Musk said.
Trump and DOGE have managed to cut nearly 12%, or 260,000, of the 2.3 million-strong federal civilian workforce largely through threats of firings, buyouts and early retirement offers, a Reuters review of agency departures found.
Musk on Tuesday criticized the price tag of Republicans’ tax and budget legislation making its way through Congress.
“I was disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decreases it, and undermines the work that the DOGE team is doing,” Musk told CBS News.
His political activities have drawn protests and some investors have called for him to leave his work as Trump’s adviser and more closely manage Tesla, which has seen falls in sales and its stock price.
Musk, the world’s richest person, has defended his role as an unelected official who was granted unprecedented authority by Trump to dismantle parts of the U.S. government.
Having spent nearly $300 million to back Trump’s presidential campaign and other Republicans last year, he said earlier this month he would substantially cut his political spending, read the report.
“I think I’ve done enough,” Musk said at an economic forum in Qatar.
World
US hits Daesh in Syria with large retaliatory strikes, officials say
The U.S. military launched large-scale strikes against dozens of Daesh targets in Syria on Friday in retaliation for an attack on American personnel, U.S. officials said.
A U.S.-led coalition has been carrying out airstrikes and ground operations in Syria targeting Islamic State suspects in recent months, often with the involvement of Syria’s security forces, Reuters reported.
President Donald Trump had vowed to retaliate after a suspected ISIS attack killed U.S. personnel last weekend in Syria.
Defense Secretary Pete Hegseth said the strikes targeted “ISIS fighters, infrastructure, and weapons sites” and that the operation was “OPERATION HAWKEYE STRIKE.”
“This is not the beginning of a war — it is a declaration of vengeance,” Hegseth said. “Today, we hunted and we killed our enemies. Lots of them. And we will continue,” he added.
Trump said on social media that the Syrian government fully supported the strikes and that the U.S. was inflicting “very serious retaliation.”
U.S. Central Command said the strikes hit more than 70 targets across central Syria, adding that Jordanian fighter jets supported the operation.
One U.S. official said the strikes were carried out by U.S. F-15 and A-10 jets, along with Apache helicopters and HIMARS rocket systems.
Syria reiterated its steadfast commitment to fighting Daesh and ensuring that it has “no safe havens on Syrian territory,” according to a statement by the foreign ministry.
Two U.S. Army soldiers and a civilian interpreter were killed on Saturday in the central Syrian town of Palmyra by an attacker who targeted a convoy of American and Syrian forces before being shot dead, according to the U.S. military. Three other U.S. soldiers were also wounded in the attack.
About 1,000 U.S. troops remain in Syria.
The Syrian Interior Ministry has described the attacker as a member of the Syrian security forces suspected of sympathizing with Daesh.
Syria’s government is led by former rebels who toppled leader Bashar al-Assad last year after a 13-year civil war, and includes members of Syria’s former Al Qaeda branch who broke with the group and clashed with Daesh.
Syria has been cooperating with a U.S.-led coalition against Daesh, reaching an agreement last month when President Ahmed al-Sharaa visited the White House.
World
EU leaders agree joint borrowing to fund Ukraine, setting aside plan to use Russian frozen assets
European Union leaders decided on Friday to borrow cash to fund Ukraine’s defence against Russia for the next two years rather than use frozen Russian assets, sidestepping divisions over an unprecedented plan to finance Kyiv with Russian sovereign cash.
“Today we approved a decision to provide 90 billion euros to Ukraine,” EU summit chairman Antonio Costa told a news conference early on Friday morning after hours of talks among the leaders in Brussels, Reuters reported. “As a matter of urgency, we will provide a loan backed by the European Union budget.”
The leaders also gave the European Commission a mandate to keep working on a so-called reparations loan based on Russian immobilised assets but that option proved unworkable for now, above all due to resistance from Belgium, where the bulk of the assets is held.
The idea of EU borrowing initially seemed unworkable as it requires unanimity and Hungary’s Russia-friendly Prime Minister Viktor Orban had opposed it. But Hungary, Slovakia and the Czech Republic agreed to let the scheme go ahead as long as it did not impact them financially.
The EU leaders said Russian assets, totalling 210 billion euros in the EU, will remain frozen until Moscow pays war reparations to Ukraine. If Moscow ever takes such a step, Ukraine could then use they money to pay back the loan.
USE OF RUSSIAN ASSETS TO COMPLEX AT THIS STAGE
“This is good news for Ukraine and bad news for Russia and this was our intention,” German Chancellor Friedrich Merz said.
The stakes for finding money for Kyiv were high because without the EU’s financial help, Ukraine would run out of money in the second quarter of next year and most likely lose the war to Russia, which the EU fears would bring closer the threat of Russian aggression against the bloc.
The decision follows hours of discussions among leaders on the technical details of an unprecedented loan based on the frozen Russian assets, which turned out to be too complex or politically demanding to resolve at this stage.
The main difficulty was providing Belgium, where 185 billion euros of the total Russian assets in Europe are held, with sufficient guarantees against financial and legal risks from potential Russian retaliation for the release of the money to Ukraine.
“There were so many questions on the Reparations Loan, we had to go to Plan B. Rationality has prevailed,” Belgian Prime Minister Bart De Wever told a news conference. “The EU has avoided chaos and division and remained united,” he said.
HUNGARY SCORES A WIN
With public finances across the EU already strained by high debt levels, the European Commission had proposed using the Russian assets for a loan to Kyiv or joint borrowing against the EU budget.
Using the latter option allowed Orban to claim a diplomatic victory.
“Orban got what he wanted: no reparation loan. And EU action without participation of Hungary, Czech Republic and Slovakia,” one EU diplomat said.
‘CAN’T AFFORD TO FAIL’
Several EU leaders arriving at the summit said it was imperative they find a solution to keep Ukraine financed and fighting for the next two years. They were also keen to show European countries’ strength and resolve after U.S. President Donald Trump last week called them “weak”.
“We just can’t afford to fail,” EU foreign policy chief Kaja Kallas said.
Ukrainian President Volodymyr Zelenskiy, who took part in the summit, urged the bloc to agree to use the Russian assets to provide the funds he said would allow Ukraine to keep fighting.
“The decision now on the table – the decision to fully use Russian assets to defend against Russian aggression – is one of the clearest and most morally justified decisions that could ever be made,” he said.
World
US readies new Russia sanctions if Putin rejects peace deal, Bloomberg News reports
A State Department spokesperson told Reuters it does not preview sanctions.
The United States is preparing a further round of sanctions targeting Russia’s energy sector to increase pressure on Moscow should it reject a peace deal with Ukraine, Bloomberg News reported on Wednesday, citing people familiar with the matter.
A White House official told Reuters that U.S. President Donald Trump had made no new decisions regarding Russian sanctions.
“It is the role of agencies to prepare options for the president to execute,” the official said.
Bloomberg had reported the U.S. was considering options including targeting vessels in what is known as Russia’s shadow fleet of tankers used to transport exported oil, as well as traders who facilitate such transactions.
The new measures could be announced as early as this week, the report said, adding that Treasury Secretary Scott Bessent discussed the move with a group of European ambassadors this week.
“It is explicitly false to conclude any decisions have been made regarding future sanctions against Russia. As we have said for months, all options remain on the table in support of President Trump’s tireless efforts to stop the senseless killing, and to achieving a lasting, durable peace,” a U.S. Treasury Department spokesperson said.
A State Department spokesperson told Reuters it does not preview sanctions.
Asked about the Bloomberg article, the Kremlin said it had not seen the report but that any sanctions harm efforts to mend U.S.-Russia relations.
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