Market
Sector with most proposed budget cuts by Department of Government Efficiency in 2025?
2
Donald Trump•Elon Musk•Vivek Ramaswamy•Department of Government Efficiency•Deroy Murdock•Ralph Nader•Musk
Resolution / Starting Odds
Defense • 25%
Healthcare • 25%
Education • 25%
Other • 25%
Official announcements or reports from the Department of Government Efficiency
Story
Trump Appoints Elon Musk and Vivek Ramaswamy to Lead Proposed Department of Government Efficiency, Aiming for 2019 Federal Spending Levels
Jan 3, 2025, 05:00 PM
President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to lead a newly proposed federal advisory committee called the Department of Government Efficiency. This initiative aims to reduce federal spending by returning it to 2019 levels, as suggested by commentator Deroy Murdock. The committee's mission will focus on identifying and eliminating wasteful expenditures within the government budget. However, there are concerns about whether this initiative will be a serious effort or merely political theater. Critics, including Ralph Nader, have pointed out that the committee is not an official department and have highlighted the potential challenges Musk may face in implementing significant budget cuts.
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Over $10 billion • 25%
Under $1 billion • 25%
$1 billion to $5 billion • 25%
$5 billion to $10 billion • 25%
Department of Education • 25%
Department of Health and Human Services • 25%
Department of Defense • 25%
Other • 25%
Veterans' Benefits • 25%
Medicaid • 25%
Medicare • 25%
Social Security • 25%
Other • 25%
Pentagon • 25%
Health and Human Services • 25%
Education • 25%
Education • 25%
Defense • 25%
Healthcare • 25%
Infrastructure • 25%
Other • 25%
Infrastructure • 25%
Healthcare • 25%
Technology • 25%
Regulatory reforms • 25%
Other • 25%
Program cuts • 25%
Workforce reduction • 25%
Streamlining regulatory bodies • 25%
Other • 25%
Abolishing specific agencies • 25%
Reducing federal workforce • 25%
Community Eligibility Provision • 25%
Other programs • 25%
Social Security • 25%
Medicare • 25%
Defense Budget • 25%
Other • 25%
Infrastructure Projects • 25%
Healthcare Spending • 25%
Police Department • 25%
Health Department • 25%
Public Works • 25%
Fire Department • 25%
Tax Reform • 25%
Other • 25%
Education Reform • 25%
Regulatory Overhaul • 25%