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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).
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 ...
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 ...
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 .
Elon Musk and Vivek Ramaswamy have been tasked with cutting spending and red tape. Past presidents have created commissions with the same goals, and they've had mixed results.
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 ...