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The Fox News Rundown

From Washington: Elon Musk’s White House Influence

The Fox News Rundown

FOX News Podcasts

Daily News, News, Politics

3.41.7K Ratings

🗓️ 9 February 2025

⏱️ 40 minutes

🧾️ Download transcript

Summary

Tech CEOs have been publicly embracing President Trump since his victory in November. Billionaire Elon Musk has already proven he has significant influence in the new administration as he was picked to lead the new “Department of Government Efficiency”. Former United States Deputy Secretary of Health and Human Services and Presidential Historian Tevi Troy joins to discuss the shifting relationship between business leaders and politics. The author of “The Power and the Money: The Epic Clashes Between Commanders in Chief and Titans of Industry” draws historical parallels to current events and highlights how CEOs often outlast presidents, maintaining influence across multiple administrations.  President Trump's presidential victory left the Democratic Party walking away with an urgent message: it's time to restructure and rebuild. As Michigan Democratic Senator Gary Peters announces he won't seek re-election and Ohio Governor Mike DeWine's seat comes up for grabs in 2026, Americans are already looking to see how both parties might approach the two races following significant Republican wins in 2024. National Political Reporter at The Hill Julia Manchester weighs in on which potential candidates could shake up these races and why there's already so much attention surrounding them. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:33.7

Sunday, February 9th, 2025. I'm Jessica Rosenthal. A lot can happen when CEOs head to Washington,

0:40.5

and this time around, some of the politically powerful and financially powerful have come together in a

0:45.2

new way in this second Trump administration. And we have had CEOs step in to do things that they

0:51.0

thought would help the country. You think of J.P. Morgan, who also was a vilified CEO in his day.

0:56.0

I'm Ryan Schmels. The midterms aren't until November of next year, but the retirement

1:02.0

announcement of a battleground state senator and a key Trump administration departure have put two key states in the spotlight.

1:09.0

There is that opportunity for them to really test a message that could work.

1:13.5

It's also the first opportunity, really, for them to respond to Donald Trump.

1:18.5

This is the Fox News rundown from Washington. Many Democrats are not okay with the power Elon Musk has been given in this Trump administration,

1:36.4

as his Doge department bulldozes its way through government agencies and departments.

1:41.1

Among them, Senate Minority Leader Chuck Schumer, who joined other Democrats outside the Capitol this week to speak in protest.

1:48.0

We cannot allow Elon Musk and a small group of people to secretly behind closed doors, take away our privacy, take away our dollars, take away everything we have.

2:03.5

Taking apart not just so-called DEI-related contracts and consulting contracts,

2:08.1

but canceling leases for underused federal buildings.

2:11.6

There's already been really tremendous progress.

2:14.1

Elon Musk spoke on a doge cast last week on X. You know, a rough estimate is that there's at least a few billion dollars a day of savings.

2:22.3

Now, that may sound like a lot, but when you're talking about a federal spending that's $7 trillion, it's actually, you know, we still need to do quite a bit better than we have thus far.

...

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