Elon Musk and Vivek Ramaswamy's DOGE Revises Federal Budget Cut Goal to $1 Trillion

Jan 9, 2025, 03:26 PM

Elon Musk and Vivek Ramaswamy are spearheading the Department of Government Efficiency (DOGE), a proposed presidential advisory commission aiming to reduce federal spending by up to $2 trillion from the $6.8 trillion budget. Initially set with this ambitious target, Musk has acknowledged in an interview with Mark Penn that achieving $2 trillion in cuts would be a 'best-case outcome,' suggesting that reducing spending by $1 trillion would be 'an epic outcome.' Treasury Secretary Janet Yellen has expressed skepticism about DOGE's ability to solve the deficit problem through such significant cuts. The initiative has garnered attention from lawmakers, with Senator Joni Ernst emphasizing the importance of slashing government waste and declaring that 'DOGE is inevitable.'