By Timothy Gardner WASHINGTON (Reuters) – Two U.S. Democratic lawmakers pressed the secretary of energy on Wednesday whether members of Elon Musk’s Department of Government Efficiency have access to classified information on nuclear weapons, saying nuclear secrets need to be tightly safeguarded. WHY IT’S IMPORTANT U.S. Department of Energy sources have raised concerns about the access three members of Elon Musk’s Department of Government Efficiency, or DOGE, have at the Department of Energy’s IT systems. … Read more…

(Reuters) – Federal Reserve Chair Jerome Powell on Tuesday said he did not believe that Elon Musk or members of his Department of Government Efficiency team have tried to access the Fed’s secure payment systems. “Will you commit to report to this committee, majority and minority, immediately should you become aware of any such attempt by Elon Musk or DOGE to pierce the Fed’s independence or to access its protected systems?” Powell was asked by … Read more…

By Luc Cohen NEW YORK (Reuters) -A U.S. judge clarified on Tuesday that an order restricting billionaire Elon Musk’s government cost-cutting effort from accessing the Treasury Department’s payment systems does not apply to Treasury Secretary Scott Bessent. U.S. District Judge Paul Engelmayer on Saturday temporarily blocked Musk’s so-called Department of Government Efficiency’s access to the government systems used to process trillions of dollars in payments, granting a win to a coalition of Democratic attorneys general … Read more…

WASHINGTON (Reuters) – U.S. President Donald Trump plans to direct federal agencies to coordinate with Elon Musk’s task force to shrink the workforce and limit hiring with an exception to immigration and other safety positions, a White House official said on Tuesday. The executive order, which is expected to be signed on Tuesday, would set rules allowing government agencies to hire no more than one employee for every four workers who leave the federal workforce, … Read more…

By Davide Barbuscia NEW YORK (Reuters) – Bond investors were thrown off balance on Monday by U.S. President Donald Trump’s weekend remarks on investigating Treasury debt payments for fraud, with some hoping they signaled a future pullback in debt issuance. Speaking to reporters aboard Air Force One, Trump said officials reviewing wasteful spending had shifted their focus to the U.S. debt payments and suggested that the country’s $36 trillion debt load might not be that … Read more…

By Arsheeya Bajwa, Anna Tong and Krystal Hu (Reuters) – A consortium led by Elon Musk said on Monday it has offered $97.4 billion to buy the nonprofit that controls OpenAI, another salvo in the billionaire’s fight to block the artificial intelligence startup from transitioning to a for-profit firm. Musk’s bid is likely to ratchet up longstanding tensions with OpenAI CEO Sam Altman over the future of the ChatGPT maker at the heart of a … Read more…

By Jeff Mason ABOARD AIR FORCE ONE/SEOUL/FRANKFURT (Reuters) – President Donald Trump is expected to introduce new 25% tariffs on Monday on all steel and aluminium imports into the U.S., on top of existing metals duties, in another major escalation of his shake-up of trade policy. As the risk mounts of a multi-front trade war, the European Union flagged it may retaliate and Trump promised further announcements on Tuesday or Wednesday of broader reciprocal tariffs … Read more…