The Senate was expected to vote on Jared Isaacman next week.
President Donald Trump on Friday claimed China violated its trade agreement with the U.S. and Treasury Secretary Scott Bessent said talks between the world's two largest economies stalled.
This week, Trump's global tariff policy hit a major roadblock as two federal courts ruled he does not have the power to unilaterally impose some levies. The tariffs can stay in place, for now, as the court considers the administration's appeal.
Meanwhile, Elon Musk is leaving his role as a "special government employee" but is expected to remain an unofficial adviser to Trump.
President Donald Trump said Elon Musk "willingly accepted the outrageous abuse and slander and lies and attacks" because the South African native loves the U.S.
"I know that very much," Trump said. "He loves our country."
Trump's remarks come on the heels of a New York Times report that detailed Musk's alleged drug use and family drama.
As President Donald Trump bids farewell to Elon Musk's work as a federal government employee, he said he believes Musk "is really not leaving."
"He's going to be back and forth, I think," Trump said. "I have a feeling. It's his baby, and I think he's going to be doing a lot of things."
Trump also said his administration is "totally committed to making the DOGE cuts permanent."
President Donald Trump said the Department of Government Efficiency has done "substantial" cost savings, and that the "numbers could double or triple" in Elon Musk's wake.
"We don't want to go out with them until we're sure, but we've found things that are unbelievably stupid and unbelievably bad," Trump said.
President Donald Trump has kicked off his news briefing with Elon Musk, saying Musk has done a "fantastic job."
