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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 Reeve Musk (/ ˈ iː l ɒ n m ʌ s k /; born June 28, 1971) is a businessman known for his key roles in the space company SpaceX and the automotive company Tesla, Inc. He is also known for his ownership of X Corp. (the company that operates the social media platform X, formerly Twitter), and his role in the founding of the Boring Company, xAI, Neuralink, and OpenAI.
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.
Elon Musk plans to turn his newly appointed role slashing U.S. government bureaucracy into a game. Appointed to run the newly created "Department of Government Efficiency", or DOGE, the Tesla CEO ...
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