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Global Finance Magazine

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Image Credit: Global Finance Magazine

DOGE Readies Massive Cuts To US Government

  • Elon Musk and Vivek Ramaswamy will lead the advisory group DOGE to slash unnecessary costs and regulations in the US government.
  • DOGE aims to restructure federal agencies and potentially liquidate some of them, including the FBI, IRS, and Department of Education.
  • Musk and Ramaswamy promise overall cuts of around $2 trillion, equivalent to a third of the federal government's annual budget.
  • Legal challenges may arise as the Department of Government Efficiency operates purely in an advisory capacity.

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