Elon Musk aims to dismantle thousands of federal regulations, co-head of the Department of Government Efficiency. Musk warned on X that the U.S. faces financial collapse due to excessive regulations, which he believes threaten the nation's financial security. Musk's proposals align with President-elect Donald Trump's deregulatory stance. Experts warn that such cuts could jeopardize critical protections, including those related to air and water quality, workplace safety, and consumer rights.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Elon Musk aims to dismantle thousands of federal regulations.
00:06Co-head of the Department of Government Efficiency, Musk, warned on X
00:09that the U.S. faces financial collapse due to excessive regulations, which he believes
00:14threaten the nation's financial security. Musk's proposals align with President-elect
00:18Donald Trump's deregulatory stance. Experts warn that such cuts could jeopardize critical
00:24protections, including those related to air and water quality, workplace safety,
00:28and consumer rights. For all things money, visit Benzinga.com slash GSTV.