Elon Musk's chainsaw has been swinging through the federal government over the last few weeks, with his Department of Government Efficiency (DOGE) chopping down budgets and excising staff at a number of agencies.

Elon Musk has raised concerns about California's financial stability, suggesting the state may face bankruptcy. Governor Gavin Newsom grapples with a significant budget deficit, while Musk points to high public spending and restrictive business regulations as key issues contributing to the state's economic downturn.