Market
Will DOGE's recommendations result in a congressional proposal by end of 2025?
2
Elon Musk•Vivek Ramaswamy•Department of Government Efficiency•DOGE•SpaceX•IRS•Donald Trump•Musk•Trump
Resolution / Starting Odds
Yes • 50%
No • 50%
Congressional records or announcements from DOGE
Story
Elon Musk and Vivek Ramaswamy Deploy 50 DOGE Agents to IRS, Aim to Cut $2 Trillion in Federal Spending with Trump's Support
Jan 12, 2025, 01:11 PM
Elon Musk and Vivek Ramaswamy have launched the Department of Government Efficiency (DOGE), a non-governmental initiative aimed at reducing federal government spending and increasing efficiency. Operating from SpaceX's Washington, D.C. office, DOGE has begun deploying its first 50 agents to federal agencies, with the IRS targeted first, to identify areas of waste. The initiative, supported by President-elect Donald Trump, aims to cut up to $2 trillion from the federal budget by the deadline of July 4, 2026, though Musk has indicated that achieving $1 trillion in savings is more realistic. DOGE plans to expand its team to 100 members by Trump's inauguration. While not an official government entity, DOGE seeks to influence federal policy through recommendations and collaboration with congressional members.
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Similar markets
Proposals accepted • 25%
No decision made • 25%
Proposals rejected • 25%
Proposals partially accepted • 25%
Up to $500 billion in cuts • 25%
No significant cuts achieved • 25%
More than $1 trillion in cuts • 25%
$500 billion to $1 trillion in cuts • 25%
No • 50%
Yes • 50%
Economic growth with inflation • 25%
No economic growth • 25%
Economic recession • 25%
Economic growth without inflation • 25%
