Market
Who will lead the Department of Government Efficiency by December 31, 2025?
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the Pentagon•Donald Trump•Department of Government Efficiency•Elon Musk•Vivek Ramaswamy•Musk•Washington
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Official announcements or press releases from the Department of Government Efficiency
Story
Senate Approves $895 Billion Defense Budget Amid Trump’s Plans for Department of Government Efficiency Led by Musk and Ramaswamy
Dec 25, 2024, 06:33 PM
The U.S. Senate has approved the 2025 defense policy bill, which allocates $895 billion for the Pentagon and related military expenditures. This decision comes as President-elect Donald Trump prepares to establish a new Department of Government Efficiency (DOGE), which aims to address perceived inefficiencies within government spending. Elon Musk and entrepreneur Vivek Ramaswamy have been appointed to lead this initiative, which may face challenges, particularly regarding proposed cuts to the defense budget. Musk has emphasized the need to rectify wasteful spending, while the ambitious plan to reduce the defense budget could encounter resistance in Washington.
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