Elon Musk, who now runs the government efficiency initiative he calls DOGE, sketched out plans for aggressive cuts to US spending and regulations that include wiping out the US Agency for International Development — and suggested the bond market should thank him for it.

Musk, CEO of X (formerly Twitter), has been on a posting spree, using his platform to justify and denigrate his takeover of USAID. He’s called the agency " evil ," a " criminal organization ," and a "viper’s nest of radical-left Marxists who hate America."

Trump is reportedly trying to close the agency and move it under the State Department, which Democrats warn would be illegal.