Trump Eyes Musk For The Cabinet Role: What It Means For US & The USD?
The US political domain is gearing up for a change, as elections for the next president are one week away. This has prompted the poll portals to develop new forecasts, seeking clarity while anticipating the next big entity to assume the political “American throne.”
While Trump and Harris have left no stone unturned to give their best shot at political campaigns, the polls are inching towards Trump, suggesting that he will win the elections.
At the same time, the Elon Musk-Trump connection is also firing up, with Trump announcing plans to give Musk a leading cabinet role if elected as the president again. Let’s explore Musk’s role in U.S.A. politics and, most importantly, the US dollar.
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Elon Musk: A Part of America’s Political Future?
Speculations about Musk joining the Trump cabinet are running wild on X. The platform is filled with anticipatory posts about whether Musk will play a key role in US politics if Trump assumes the presidency.
Earlier, Trump shared his thoughts on Musk joining the cabinet if he becomes the next US president. The former US president is reportedly eying Musk to handle and manage cost-cutting duties, primarily in the domain of US agencies.
“TRUMP CONSIDERS ELON FOR ROLE IN AUDITING U.S. AGENCIES Trump is reportedly eyeing a plan to involve prominent business executives, including Elon, in auditing federal agencies to identify programs to cut. Elon has already shown interest in taking on the role.”
The news above made several rounds on X before it caught the attention of Elon Musk himself. Musk reposted the image, adding that he couldn’t wait to perform such duties as the government desperately needed revolutionary change.
“I can’t wait. There is a lot of waste and needless regulation in government that needs to go.” Musk responded
Musk has also expressed his stance on the current US political narrative. The Tesla chief supports Trump holistically, emphasizing how the former US president can rejuvenate the US and bring it back to its former glory.
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Polls Support Musk For Cabinet Role
A post shared by the Kobeissi Letter on X stated that recent polls are favoring Musk for a cabinet role. Per Kalshi, there’s a 32% chance that Musk may assume an important role by February 2025. The poll further states that Trump’s chances of winning the elections are at 63%.
“Markets increasingly believe Elon Musk will be appointed to a role by the next president. There is now a 32% chance that Elon Musk is nominated to the Cabinet by February 2025. According to @Kalshi.These odds have more than doubled over the last 2 weeks. This comes as Donald Trump’s odds of winning the election have risen to a record 63%.”
Musk Trump Duo: What It Means For The US And The Dollar?
With the Trump-Musk duo in action, the chances of the US gaining momentum in the global market will be the leading agenda. Trump has often been noted for tweeting the rising US debt metrics and eroding the US dollar’s prestige.
If he assumes the role of cabinet minister, he will likely create measures to restrict and protect the US economy’s economic integrity. Musk recently shared how he can chop off nearly $2 trillion worth of the US federal budget to stabilize the US economy.
“You think we can rip off this wasted $6.5 trillion Biden budget? Well, I think we can do at least $2 trillion. Yeah, yes, two trillion. At the end of the day, you’re being taxed; you’re being taxed—all government spending is taxation,” Musk shared.
In addition, Trump has already unveiled a tariff plan to protect the US dollar. The measure has been announced to prevent further harm to the USD.
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