Thursday, July 10, 2025

Creating liberating content

X Corp’s CEO Linda Yaccarino looks on during the Senate

Nvidia CEO Jensen Huang delivers remarks next to U.S. President

Related News

X Corp’s CEO Linda Yaccarino looks on during the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024. Nathan Howard

Nvidia CEO Jensen Huang delivers remarks next to U.S. President Donald Trump at an ‘Investing in America’ event in Washington, D.C., on April 30, 2025. Leah Millis | Reuters Nvidia

NEW DELHI: Further talks on the India-US trade deal are lined up in the coming days with negotiators once again headed to Washington as the government seeks to finalise an

Nvidia became the first company valued at over $4 trillion. Here’s what that means for AI. – CBS News Watch CBS News Nvidia became the first public corporation to be

Elon Musk (L) & Don Lemon Reuters (L) | Getty Images (R) Ex-CNN anchor Don Lemon’s lawsuit against tech billionaire Elon Musk and his social network X over the cancellation

Indeed and Glassdoor, the job search and employee review firms, are slashing a total of roughly 1,300 jobs as their parent company, Japan’s Recruit Holdings, embraces artificial intelligence. In an

Trending News

Investor confidence in India’s unlisted securities market has taken a hit after HDB Financial Services’ Initial Public Offering was priced significantly below grey market expectations. The impact has rippled across

The rupee ended 3 paise higher at 85.70 against the US dollar on Thursday, supported by optimism over a possible US-India trade deal, even as equity markets closed in the

US stocks started on a cautious note Thursday despite a surge in airline shares led by Delta Air Lines, which posted strong quarterly results and raised its outlook for the

Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old US cereal company WK Kellogg in a deal valued at approximately $3.1 billion. The Ferrero Group

Unemployment benefit claims in the United States dipped last week,falling to a historically healthy range over the past couple years. These figures offer another sign of strength in the country’s

Companies that rank highest on diversity are delivering a clear financial edge, with a new study showing that inclusive firms recorded nearly 50% more profit after tax (PAT) than their

Musk Suggests More Salary For US Congress Members To Discourage Corruption

Word Count: 362 | Estimated Reading Time: 2 minutes




Washington:

Elon Musk, the billionaire appointed by President Donald Trump to slash the size of the US government, suggested Thursday that members of the US Congress should get salary increases as a way to discourage corruption.

Although the tech billionaire is officially only an advisor, Trump has bestowed him with enormous power to cut federal spending and bureaucracy, as part of his so-called Department of Government Efficiency (DOGE).

“It might make sense to increase compensation for Congress and senior government employees to reduce the forcing function for corruption, as the latter might be as much as 1000 times more expensive to the public,” Musk posted on his social media platform X.

Lawmakers in both parties are typically wary of the optics of large pay rises but acknowledge that competitive salaries are the best way of ensuring that the less well-off can serve.

The first draft of a short-term government funding bill that Musk helped defeat in December would have allowed for a modest salary increase by reenacting an automatic cost-of-living adjustment for lawmakers.

Congress has been blocking the adjustments every year since 2009.

But Musk argued against the provision, claiming falsely that it would mean a lavish 40 percent rise, and it was removed from the package.

The real increase for members of both chambers would have been about $6,600, or 3.8 percent.

Their $174,000 annual salary has been frozen for 15 years but is still far more than the average household income.

Musk, the world’s richest person, spoke about the controversial DOGE program at Trump’s first cabinet meeting Wednesday.

“If we don’t do this, America will go bankrupt,” the tech tycoon said, adding that he was “taking a lot of flak, and getting a lot of death threats.”

One-third of his DOGE staff resigned in protest on Tuesday after he engineered a mass email to the federal government’s two million workers, ordering them to justify their work or risk being fired.

Cabinet members have voiced frustration over the DOGE emails, according to US media, but Trump insisted that his team was “thrilled” with Musk

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)




Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account