On Tuesday, Pershing Square Capital Management CEO Bill Ackman slammed what he said were attempts by the Biden administration to “make permanent the Deep State” in a post on X.
What Happened: Ackman said, “Biden is attempting to make permanent the Deep State before he leaves office by burdening the government with untenable contracts so that [Donald Trump] and [Department of Government Efficiency] cannot succeed.”
He said, “This needs to stop now.” The post evoked a reaction from Elon Musk, who is the co-lead of the potential government advisory commission under the upcoming Trump administration. Ackman also shared a Bloomberg report which noted that the move that could potentially disrupt President-elect Trump’s plans to reshape the federal workforce, the Biden administration has secured hybrid work protections for tens of thousands of federal employees.
The American Federation of Government Employees and the Social Security Administration reached an agreement last week, safeguarding telework until 2029. The AFGE represents 42,000 SSA workers. Biden’s recently departed SSA Commissioner Martin O’Malley finalized a new deal that protects the worker’s current remote work agreements.
The report suggested that unions have been pushing the Biden administration to renew collective bargaining agreements with federal employees ahead of the Trump inauguration on January 20.
See Also: Biden Grants ‘Full And Unconditional’ Pardon To Hunter: ‘I Hope Americans Will Understand’
Why It Matters: DOGE been vocal about their plans to cut government spending and streamline operations. Musk has been using his social media platform to criticize specific government departments and individuals.
Musk and Ramaswamy have hinted at the possibility of reducing or eliminating certain federal agencies, as reported by Benzinga. The recent move by the Biden administration to secure WFH policies could potentially complicate these plans.
Ackman said earlier this month that he would consider joining DOGE. Notably, Ackman is a strong supporter of the President-elect and has stated that he is unfazed by market reactions to a second Trump administration.
Notably, the buzz around DOGE has propelled Dogecoin DOGE/USD at times. The latest such boost came when Sen. Bernie Sanders (I-Vt.) expressed support for Musk’s plan to ax wasteful defense spending.
Did You Know?
- Congress Is Making Huge Investments. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool
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