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Musk said during a Trump rally before the election that he would identify at least $2 trillion in spending cuts, which would amount to nearly one-third of total government spending, including the ...
Joni Ernst (R-Iowa) on Monday pointed to “bad pennies” as an example of waste, and called for action from the new Elon Musk–led Department of Government Efficiency (DOGE).
The concept of DOGE emerged in a discussion between Elon Musk and Donald Trump, where Musk floated the idea of a department for streamlining government efficiency. In August 2024, Trump said at a campaign event that, if he were elected, he would be open to giving Musk an advisory role. [4]
President-elect Donald Trump has tasked Elon Musk with slashing government spending. Defense could be a prime target: It's the largest discretionary spending category in the federal budget.
Elon Musk in 2023 Elon Musk is the wealthiest person in the world , with an estimated net worth of US$486 billion as of December 2024 [update] , according to the Bloomberg Billionaires Index , and $464 billion according to Forbes , primarily from his ownership stakes in Tesla, Inc. and SpaceX .
Despite a rough start to 2024, Elon Musk is once again the world's richest person, according to Forbes, and in the spotlight this week due to the vote to approve his vote-of-confidence $56 billion ...
5 Money Moves Wealthy People Make Before the Start of Any New Year. This article originally appeared on GOBankingRates.com: How Elon Musk’s Department of Government Efficiency May Impact Your Wallet
Sen. Elizabeth Warren (D-Mass.) joked Thursday about President-elect Trump’s decision to appoint Elon Musk and Vivek Ramaswamy as co-leads of his new government efficiency panel. “The Office ...