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What percentage reduction in federal spending will DOGE achieve by end of 2025?
2
Donald Trump•Elon Musk•Vivek Ramaswamy•Department of Government Efficiency•DOGE•Musk•Ramaswamy•IRS•Federal Reserve•Planned Parenthood
Resolution / Starting Odds
Less than 5% • 25%
5% to 10% • 25%
10% to 15% • 25%
More than 15% • 25%
U.S. federal budget reports or Congressional Budget Office (CBO) analyses
Story
Trump Appoints Musk and Ramaswamy to Lead DOGE Panel Aimed at Reducing Federal Spending and Government Size
Dec 21, 2024, 06:35 PM
President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to co-lead a new advisory panel named the Department of Government Efficiency (DOGE). The panel's mandate is to reduce federal spending and the size of the government. Musk and Ramaswamy aim to scrutinize federal expenditures, with plans to cancel programs that do not provide value for taxpayers' money. They have expressed intentions to target remote work, remove political appointees, and consider significant reforms such as abolishing the IRS, ending the Federal Reserve, cutting humanitarian aid, privatizing mail services, and defunding organizations like Planned Parenthood, which aligns with broader efforts to reduce what they perceive as wasteful spending.
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Similar markets
Less than $500 billion • 25%
$500 billion to $1 trillion • 25%
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$250 billion to $500 billion • 25%
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$1 trillion to $1.5 trillion • 25%
$1.5 trillion to $2 trillion • 25%
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$10 billion to $50 billion • 25%
$50 billion to $100 billion • 25%
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