The delay in producing autonomous vehicles and a threat to federal regulations partly explain the stock’s fall, some experts say.
Government spending is built into the formula for calculating GDP.
Some in Silicon Valley are pushing for quick advances in artificial intelligence and downplaying the risks.
Kai Ryssdal speaks with an expert in constitutional and administrative law about how the Trump administration is running the economy.
Wendy Edelberg of Brookings says “political malpractice” might be a bigger risk to economic stability than the government’s massive borrowing.
The Department of Government Efficiency, aka DOGE, is a task force Trump has appointed, headed by Elon Musk and Vivek Ramaswamy. It has some lofty resolutions for its stated goal of cutting wasteful government spending.
“It has those of us in the good government/democracy space scratching our heads,” says Sarah Bryner of OpenSecrets.
The flood of big tech names coming out publicly for Trump and the GOP is a sharp departure from Silicon Valley’s past political practices.
More than two-thirds of the Fortune 500 are incorporated in the First State, but Texas is gunning for a share of that.
“Whe more digital we get, the more we crave these sort of physical manifestations of the digital,” says Rob Walker.
