Democratic lawmakers on the House Oversight and Government Reform Committee demanded a copy of Elon Musk\u2019s financial disclosure from the White House on Thursday amid concerns about potential conflicts of interest between the tech billionaire\u2019s numerous businesses and his work for the Trump administration.\u00a0<\/p>\n
Led by Rep. Gerry Connolly (D-Va.), the top Democrat on the panel, the lawmakers requested the financial disclosure that Musk was legally required to submit as a special government employee. <\/p>\n
\u201cIn an unprecedented arrangement, President Donald Trump has bestowed expansive and unlawful authority to Mr. Musk, an unelected billionaire,\u201d Connolly and 20 other members wrote in a letter to White House counsel David Warrington. <\/p>\n
\u201cThe Trump Administration has failed to make public Mr. Musk\u2019s financial disclosure filings, hiding the true extent of his conflicts from the public,\u201d they added. <\/p>\n
The Oversight Democrats are also seeking a document from the White House certifying that Musk\u2019s potential conflicts of interest were considered \u201ctoo remote or inconsequential to affect the integrity\u201d of his service. <\/p>\n
As federal employees are barred from participating in government matters in which they have a financial interest, they need a waiver asserting that the conflict is unlikely to affect their work, the lawmakers noted. <\/p>\n
Musk\u2019s expansive network of businesses, including X, SpaceX, Tesla, Neuralink and the Boring Company, have repeatedly raised concerns about potential conflicts of interest amid his prominent role leading the Department of Government Efficiency (DOGE).\u00a0<\/p>\n
As DOGE has moved to slash large swaths of government spending, cutting tens of thousands of federal employees and gutting certain agencies, lawmakers and outside observers have emphasized the ways in which Musk\u2019s companies could potentially benefit. <\/p>\n
Musk reiterated Wednesday he plans to step back from his DOGE work going forward, limiting his time in Washington to one to two days a week. \u00a0<\/p>\n
The shift comes as Musk\u2019s government work has weighed heavily on Tesla. The electric vehicle firm has largely become a political symbol for the billionaire and his DOGE efforts, making it a target for peaceful and violent demonstrations. The company reported a significant dip in earnings in the first quarter. <\/p>\n","protected":false},"excerpt":{"rendered":"
Democratic lawmakers on the House Oversight and Government Reform Committee demanded a copy of Elon Musk\u2019s financial disclosure from the White House on Thursday amid concerns about potential conflicts of interest between the tech billionaire\u2019s numerous businesses and his work for the Trump administration.\u00a0 Led […]<\/p>\n","protected":false},"author":1,"featured_media":142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[],"_links":{"self":[{"href":"https:\/\/yesn2.com\/index.php\/wp-json\/wp\/v2\/posts\/140"}],"collection":[{"href":"https:\/\/yesn2.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yesn2.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yesn2.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yesn2.com\/index.php\/wp-json\/wp\/v2\/comments?post=140"}],"version-history":[{"count":1,"href":"https:\/\/yesn2.com\/index.php\/wp-json\/wp\/v2\/posts\/140\/revisions"}],"predecessor-version":[{"id":141,"href":"https:\/\/yesn2.com\/index.php\/wp-json\/wp\/v2\/posts\/140\/revisions\/141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yesn2.com\/index.php\/wp-json\/wp\/v2\/media\/142"}],"wp:attachment":[{"href":"https:\/\/yesn2.com\/index.php\/wp-json\/wp\/v2\/media?parent=140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yesn2.com\/index.php\/wp-json\/wp\/v2\/categories?post=140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yesn2.com\/index.php\/wp-json\/wp\/v2\/tags?post=140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}