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Will DOGE achieve $1 trillion in spending cuts by end of 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official federal budget reports or announcements from the Department of Government Efficiency
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Musk and Ramaswamy to Lead DOGE, Deleting Entire Agencies in $2 Trillion Cuts
Nov 17, 2024, 05:41 PM
President-elect Donald Trump has appointed Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy to lead the newly established Department of Government Efficiency (DOGE), which aims to cut $2 trillion in federal spending. The department seeks to streamline government operations by cutting waste, reducing spending, and increasing efficiency. Ramaswamy stated, "We expect mass reductions. We expect certain agencies to be deleted outright." He emphasized that cuts, including reductions among federal contractors, will be implemented through executive action and that people will be surprised by how quickly these changes occur. The initiative targets bloated areas of the federal government and seeks to address unauthorized spending.
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