Bloomberg Businessweek State Attorneys General Challenge Musk and DOGE’s Authority
Feb 26, 2025
William Tong, Connecticut State Attorney General, dives into a multi-state lawsuit challenging the Trump administration, especially regarding the influence of billionaires on federal governance. Karen Veraa-Perry from BlackRock shares insights on fixed-income investments, emphasizing the shift toward ETFs amid economic volatility. Sophie Novati, CEO of Formation, discusses how AI is revolutionizing tech hiring and the essential coding skills needed in this evolving landscape. This episode shines a light on legal battles, investment strategies, and the transformative impact of technology in finance.
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Unauthorized Access Analogy
- William Tong compared Musk's access to sensitive government systems to giving someone unauthorized access to nuclear weapons facilities.
- He questioned if anyone would be comfortable with such a scenario.
Congressional Spending Authority
- Tong emphasized that Congress holds the power to determine national spending.
- He cited the Constitution's spending clause as the basis for this authority.
Birthright Citizenship Challenge
- Tong criticized the Trump administration's actions as lawless and unconstitutional, citing the attempt to revoke birthright citizenship.
- He argued this violates the 14th Amendment, emphasizing its clarity on citizenship by birth in America.