President Donald Trump and Elon Musk are set to hold a joint press conference today in the Oval Office, marking the conclusion of Musk's 130-day tenure as head of the Department of Government Efficiency (DOGE). During his time leading DOGE, Musk implemented significant federal spending cuts, reportedly saving $175 billion through measures like asset sales and contract reductions. (New York Post)

Despite stepping down, Musk is expected to continue advising the administration informally. His departure comes amid disagreements over the "Big, Beautiful Bill," a major spending initiative Musk criticizes for undermining DOGE's efforts and increasing the deficit. (The Daily Beast)

The press conference is anticipated to address these fiscal policies and Musk's future role. Additionally, discussions may touch upon the administration's crypto initiatives, including the establishment of a Strategic Bitcoin Reserve and plans to position the U.S. as a leader in digital assets. (The Times of India)

Musk's return to the private sector has already impacted markets, with Tesla shares rising 4.2% in response to his renewed focus on the company. (New York Post)

This event underscores the administration's commitment to fiscal efficiency and its evolving stance on cryptocurrency, signaling potential shifts in both economic policy and the digital asset landscape.

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