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VisitMusk and Ramaswamy to Lead DOGE, Plan $2 Trillion Cuts and End Remote Work for Federal Employees
Nov 21, 2024, 02:30 AM
President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to lead the newly formed Department of Government Efficiency (DOGE), aiming to cut $500 billion annually from federal spending. They plan to reduce the federal budget by up to $2 trillion without new laws by July 4, 2026. Their strategies include rescinding regulations, reducing administrative overhead, mass headcount reductions, and enforcing a strict return-to-office policy for federal employees, potentially leading to voluntary resignations. They also propose relocating government offices out of Washington D.C. and cutting funding to organizations like Planned Parenthood. Additionally, DOGE may develop a mobile app to simplify tax filing for Americans. Musk and Ramaswamy have detailed their plans in a Wall Street Journal op-ed, signaling an aggressive approach to restructuring the federal workforce and reducing government waste. Lawmakers like Rep. Aaron Bean and Rep. Maria Salazar have expressed support by forming the DOGE Caucus to back these efforts.
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Markets
Yes • 50%
No • 50%
Official federal budget reports and statements from the Department of Government Efficiency (DOGE)
No • 50%
Yes • 50%
Official announcements from the Department of Government Efficiency or public release of the app
No • 50%
Yes • 50%
Official announcements from federal agencies and government employee work policies
Less than $1 trillion • 25%
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$1.5 trillion to $2 trillion • 25%
$1 trillion to $1.5 trillion • 25%
Official reports from the Department of Government Efficiency and federal budget documents
Complete relocation • 25%
No relocation • 25%
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Major relocation (50% or more) • 25%
Official announcements from the Department of Government Efficiency or federal government relocation plans
Rescinding regulations • 25%
Reducing administrative overhead • 25%
Mass headcount reductions • 25%
Relocating government offices • 25%
Analysis of DOGE's budgetary actions and official statements