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Will Treasury Secretary Janet Yellen endorse DOGE's budget cut goals by end of 2025?
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Elon Musk•Vivek Ramaswamy•Department of Government Efficiency•DOGE•Musk•Mark Penn•Janet Yellen•Joni Ernst
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Official statements or press releases from the Treasury Department or Janet Yellen
Story
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.'
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No recommendation • 25%
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