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.
