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VisitTrump Appoints Musk, Ramaswamy to Lead DOGE, Aiming to Cut $2 Trillion
Nov 18, 2024, 03:16 PM
Elon Musk and Vivek Ramaswamy have been appointed by President-elect Donald Trump to lead the newly formed Department of Government Efficiency (DOGE), with the goal of reducing federal spending by at least $2 trillion. The initiative aims to streamline the federal government, focusing on areas like federal grants to universities and addressing the issue of lazy federal teleworkers. Musk and Ramaswamy are seeking volunteers to join DOGE, and their efforts have sparked discussions on how to effectively cut government waste and improve efficiency. The duo's involvement has been met with both support and criticism, with some Democrats expressing fake outrage over the move. Musk has stated that DOGE will expose government waste and graft, while Ramaswamy has outlined the department's intentions in public talks. Kevin O'Leary has suggested that Musk and Ramaswamy should 'release the hounds and go nuts' in their efforts to cut federal spending. Additionally, AmeriCorps has come under scrutiny for failing its eighth audit in a row, prompting calls for DOGE to investigate.
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Markets
No • 50%
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Official audit reports released by AmeriCorps or government oversight bodies
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Official federal budget reports and announcements from the Department of Government Efficiency
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