Politics
Analysis: Europe, too, feels Musk's political impact. How far will it go?
In the six weeks since Donald Trump won the presidential election, Europe has been bracing for a U.S. administration that could strain traditional transatlantic alliances.
That sense of uncertainty has just been turbocharged by a disruptive new force: multibillionaire Elon Musk, who has made it clear he intends to leave his mark on politics and policy not only in Washington but in Europe as well.
On Friday, as U.S. lawmakers were racing to avert a looming government shutdown, Musk used his social media platform X to tout his strong support for a far-right political party in Germany that is looking to increase its clout in the wake of this month’s meltdown of the three-party ruling coalition of Chancellor Olaf Scholz.
“Only the AfD can save Germany,” Musk wrote, using the German initials for Alternative for Germany, the party best known for its stridently anti-immigrant stance, longtime ties to neo-Nazis and the “extremist” designation that Germany’s domestic intelligence service has given its youth wing.
The world’s richest man had previously made provocative statements about German politics, but the timing of his latest remarks — coinciding with signals he intends to leverage his Trump administration position leading an advisory commission on government efficiency into a wide-ranging role in the new U.S. administration — stirred unease not only in Germany but across Europe.
Establishment parties and governments elsewhere on the continent are feeling vulnerable after a series of anti-system jolts, including the ouster this month of France’s prime minister, Michel Barnier, in a heavy blow to President Emmanuel Macron, who appointed him.
Mainstay organizations including the European Union and NATO also are watching and worrying over the potential for destabilizing moves by Trump that could include protracted trade disputes and a withdrawal of crucial U.S. military support for Ukraine as it seeks to fight off a nearly three-year-old full-scale invasion by Russia.
Musk’s foray into German politics came just after far-right British politician Nigel Farage, who for years has been a fixture in Trump’s orbit, declared this week that the South African-born Tesla and Space X magnate was considering a historically large contribution to his Reform U.K. party — prompting calls for swift action to tighten Britain’s rules on political donations, which are already far stricter than those in the United States.
In Germany, Europe’s economic powerhouse and political center of gravity, Musk’s commentary roiled the political establishment — and drew expressions of glee from supporters of the AfD, whose nationalist-populist message has helped it make inroads this year in state and European Parliament elections.
The party hopes to mount a strong challenge to Friedrich Merz, the frontrunner to replace Scholz in a national vote expected in February, but other leading political blocs have already declared they would not accept the AfD as a coalition partner.
AfD’s leader Alice Weidel quickly thanked Musk for his online vote of confidence, declaring: “You are perfectly right!”
In a video posted on X shortly after the billionaire’s accolade landed, she said the AfD “is indeed the one and only alternative for our country — our last option, if you ask me!”
Scholz has been something of a punching bag for his opponents across the political spectrum over Germany’s floundering economy, but the Musk broadside prompted some of his chief rivals to come to his defense — often with acid commentary about Musk.
“We usually hear that Elon Musk is this gifted wunderkind, but when I hear these comments, I have to doubt that,” Alexander Throm of the center-right Christian Democratic Union, which is leading opinion polls in advance of February’s vote, told the public broadcaster Deutsche Welle.
Another Christian Democratic politician, lawmaker Dennis Radtke, branded Musk’s remarks as interference in German elections. Speaking to the Handelsblatt daily, he called the comments “threatening, irritating and unacceptable.”
Rare agreement came from a leading politician in what is considered the most leftist party in Germany’s political mix. “He’s not really contributing anything, policywise,” Clara Buenger of the Left Party said of Musk.
“He doesn’t really know how political discussions work in Germany,” she said.
Scholz himself adhered at least in part to his typical low-key political style in responding to this episode. Without naming Musk, he pointed out that Germany’s political system allows for freedom of expression, which “also applies to multibillionaires.”
But the chancellor used sharper than usual language, for him, to challenge Musk’s characterization of the AfD as a national savior. Freedom to speak out, he said pointedly, “also means that you’re allowed to say things which aren’t correct, and aren’t good political advice.”
Musk also had jeered at the collapse of the governing coalition, and at one point tweeted in German that the chancellor was a “fool.” Scholz responded at the time that the remark was “not very friendly.”
The billionaire entrepreneur-turned-efficiency expert has opined previously about the AfD, expressing his bafflement at the mainstream unease it prompts within Germany over echoes of the country’s Nazi past.
The country has legal prohibitions on use of Third Reich-style language and symbols, and there has been more than one case involving prosecution of an AfD figure for flouting those laws.
“They keep saying ‘far right,’ but the policies of AfD that I’ve read about don’t sound extremist,” Musk posted in June. “Maybe I’m missing something.”
In the United States, Trump’s elevation of Musk has prompted little opposition from within his own Republican party. In Europe, however, there is considerably more wariness.
After British politician Farage was pictured posing this week with Musk at Trump’s Mar-a-Lago resort, and Farage confirmed that a potentially huge donation from Musk to his party could be in play — $100 million, according to at least one British report — some British lawmakers and transparency advocates urged that measures be put in place to prevent such an unprecedentedly large infusion of foreign cash.
While Britain curtails how much political parties are allowed to spend on elections, there is no ceiling on donations from within the United Kingdom. Musk could get around that with the British registration of the British arm of X.
“It’s crucial that U.K. voters have trust in the financing of our political system,” the chief executive of Britain’s Electoral Commission, Vijay Rangarajan, told the Guardian newspaper. “The system needs strengthening.”
Musk has made clear his disdain for Prime Minister Keir Starmer of the left-leaning Labor Party, and has often voiced criticism of British policies on immigration and policing.
Farage, for his part, cites Trump as a populist role model, and shares the president-elect’s antipathy toward bodies such as the European Union. His Reform party picked up about 14% of the vote in June elections, its strongest showing ever.
SAN FRANCISCO — With the California governor’s race quickly approaching, six candidates will face off Wednesday evening in the first debate since former Rep. Eric Swalwell dropped out of the race in the aftermath of sexual assault and misconduct allegations.
The debate takes place at a critical moment in the turbulent contest to replace termed-out Gov. Gavin Newsom. Ballots will start landing in Californians’ mailboxes in less than two weeks, and voters are split by a crowded field of eight prominent candidates. The debate also takes place after former state Controller Betty Yee ended her campaign because of a lack of resources and support in the polls.
Two Republicans — Riverside County Sheriff Chad Bianco and conservative commentator Steve Hilton — and four Democrats — billionaire Tom Steyer, former Biden administration Secretary Xavier Becerra, former Orange County Rep. Katie Porter and San Jose Mayor Matt Mahan — will take the stage at Nexstar’s KRON4 studios in San Francisco. Former Los Angeles Mayor Antonio Villaraigosa and state Supt. of Public Instruction Tony Thurmond, both Democrats, were not invited to participate because of their low polling numbers.
As the candidates strive to distinguish themselves in a crowded field, the debate could include fiery exchanges about the role of money in politics and potential heightened attacks on Becerra, who has surged in the polls since Swalwell dropped out. With the debate taking place on Earth Day, environmental issues are also likely to be raised.
The Wednesday night gathering is the first televised debate in the gubernatorial contest since early February. Last month, USC canceled a debate hours before it was set to begin over mounting criticism that its criteria excluded all major candidates of color.
The 7 p.m. debate is hosted by Nexstar and will be moderated by KTXL FOX40 anchor Nikki Laurenzo and KTLA anchor Frank Buckley. It can be viewed on KRON4 (San Francisco), KTLA5 (Los Angeles), KSWB/KUSI (San Diego), KTXL (Sacramento), KGET (Bakersfield) and KSEE (Fresno). NewsNation will also air the debate.
new video loaded: Virginia Voters Approve New Map Favoring Democrats
By Shawn Paik
April 22, 2026
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Sparks flew on Capitol Hill as Sen. Elizabeth Warren, D-Mass., accused Federal Reserve nominee Kevin Warsh of being a potential “sock puppet” for President Donald Trump.
Warsh, tapped by Trump in January to lead the Federal Reserve, faced a two-and-a-half-hour confirmation hearing before the Senate Banking, Housing, and Urban Affairs Committee.
If confirmed, he would take the helm of the world’s most powerful central bank, shaping interest rates, borrowing costs and the financial outlook for millions of American households for the next four years.
WHO IS KEVIN WARSH, TRUMP’S PICK TO SUCCEED JEROME POWELL AS FED CHAIR?
Kevin Warsh, nominee for chairman of the Federal Reserve, listens to ranking member Sen. Elizabeth Warren, D-Mass., make an opening statement during his Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Tuesday, April 21, 2026. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
In her opening remarks, Warren sharply criticized Warsh’s record and questioned his independence, arguing he is “uniquely ill-suited for the job as Fed chair” and warning he could give Trump influence over the central bank.
She accused Warsh of enabling Wall Street during the 2008 financial crisis, which fell during his tenure as a Federal Reserve governor when he served from 2006 to 2011.
“In our meeting last week, we discussed the 2008 financial crash, where 8 million people lost their jobs, 10 million people lost their homes and millions more lost their life savings,” Warren said. “Giant banks, however, got hundreds of billions of dollars in bailouts… and he said to me that he has no regrets about anything he did.”
She added that Warsh “worked tirelessly to arrange multibillion-dollar bailouts” for Wall Street CEOs, with nothing for American families.
The hearing grew more tense as Warren pivoted to ethics concerns, pressing Warsh over his undisclosed financial holdings and questioning him over links to business dealings connected to the late convicted sex offender Jeffrey Epstein.
The two spoke over each other and raised their voices in a heated exchange on Capitol Hill.
WARSH’S $226 MILLION FORTUNE UNDER SCRUTINY AS FED NOMINEE FACES SENATE CONFIRMATION
Sen. Elizabeth Warren: The Fed has been plagued by deeply disturbing ethics scandals in recent years. It’s critical that the next chair have no financial conflicts — none. You have more than $100 million in investments that you have refused to disclose. So let me ask: do the Juggernaut Fund or THSDFS LLC invest in companies affiliated with President Trump or his family, companies tied to money laundering, Chinese-controlled firms, or financing vehicles linked to Jeffrey Epstein?
Kevin Warsh: Senator, I’ve worked closely with the Office of Government Ethics and agreed to divest all of my financial assets.
Warren: Could you answer my question, please? You have more than $100 million in undisclosed assets. Are any of those investments tied to the entities I just mentioned? It’s a yes-or-no question.
Warsh: I have worked tirelessly with ethics officials and agreed to sell all of my assets before taking the oath of office.
Warren: Are you refusing to tell us if you have investments in vehicles linked to Jeffrey Epstein? You just won’t say?
Warsh: What I’m telling you is those assets will be sold if I’m confirmed.
Warren: Will you disclose how you plan to divest these assets? The public might question your motives if, for example, someone who profits from predicting Fed policy cuts you a $100 million check as you take office.
Sen. Elizabeth Warren questions Kevin Warsh during his Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Tuesday, April 21, 2026. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
Warsh: I’ve reached a full agreement with the Office of Government Ethics and will divest those assets before taking the oath.
Warren: I’m asking a very straightforward question. Will you disclose how you divest those assets?
Warsh: As I’ve said, I’ve worked with ethics officials.
Warren: I’ll take that as a no.
In a separate exchange, Warren invoked Trump’s past statements about the Fed and challenged Warsh to prove his independence in real time.
She insisted that Warsh answer whether he believes Trump won the 2020 presidential election and if he would name policies of the president with which he disagrees. The hopeful future Fed chair dodged the question and said he would remain apolitical, if confirmed.
THE ONE LINE IN WARSH’S TESTIMONY SIGNALING A BREAK FROM THE FED’S STATUS QUO
Warren: Donald Trump has made clear he does not want an independent Fed. He has said, “Anybody that disagrees with me will never be Fed chairman.” He’s also said interest rates will drop “when Kevin gets in.” Let’s check out your independence and your courage. We’ll start easy. Mr. Warsh, did Donald Trump lose the 2020 election?
Warsh: Senator, we should keep politics out of the Federal Reserve.
Warren: I’m asking a factual question.
Warsh: This body certified the election.
Warren: That’s not what I asked. Did Donald Trump lose in 2020?
Warsh: The Fed should stay out of politics.
Warren: In our meeting, you said you’re a “tough guy” who can stand up to President Trump. So name one aspect of his economic agenda you disagree with.
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Kevin Warsh listens to a question during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing on Tuesday, April 21, 2026. (Graeme Sloan/Bloomberg via Getty Images)
Warsh: That’s not something I’m prepared to do. The Fed should stay in its lane.
Warren: Just one place where you disagree.
Warsh: I do have one disagreement — he said I looked like I was out of central casting. I think I’d look older and grayer.
Warren: That’s adorable. But we need a Fed chair who is independent. If you can’t answer these questions, you don’t have the courage or the independence.
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