It's very bad. The constitutional rule of law has been suspended, and the state has been captured by hostile interests. The complete abdication of responsibility of the part of Republicans in Congress has made this possible.
The judicial branch is still active and is issuing ruling after ruling that what Trump & Musk are doing is illegal, but it remains to be seen what force that has.
At some point this has to come down to the people. When does it become clear that the looting of the state needs to be stopped at all costs? The fear is Americans are overall too wealthy and comfortable, and too compromised by propaganda, to risk anything to stop it.
It may be the best we can hope for that a Democratic wave election is still possible in 2026, at which point we can begin to undo the damage and try to prevent a reoccurrence. That's an optimistic outlook.