Market
How much waste will DOGE save in its first year?
2
Donald Trump•Elon Musk•Vivek Ramaswamy•Department of Government Efficiency•DOGE•Musk•Ramaswamy•Social Security•Medicare•Trump
Resolution / Starting Odds
Less than $100 billion • 25%
$100 billion to $300 billion • 25%
$300 billion to $500 billion • 25%
More than $500 billion • 25%
Official government reports or announcements detailing the savings achieved by DOGE
Story
Trump Appoints Musk and Ramaswamy to Lead DOGE, Targeting $2 Trillion in Waste Savings
Dec 16, 2024, 05:14 PM
President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to lead the newly formed Department of Government Efficiency (DOGE), aiming to identify and eliminate wasteful government spending. With Musk and Ramaswamy at the helm, the initiative seeks to cut hundreds of billions in waste and fraud, potentially saving up to $2 trillion without impacting essential services like Social Security and Medicare. Trump remarked on their progress, stating, 'They are finding things you wouldn't even believe.' The DOGE will also focus on cutting regulations and restructuring federal agencies to improve efficiency. The initiative reflects the incoming administration's focus on reducing waste and improving governmental operations.
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