The Lede
Elon Musk and Vivek Ramaswamy have big plans for the Department of Government Efficiency. The two have promised to significantly reduce the federal budget, with a goal of cutting $2 trillion in spending. Here's a running list of things Musk and Ramaswamy have said they'll do as they gear up to take on this new role.
Key Details
- In the fiscal year 2024, federal spending reached $6.75 trillion, with nine-tenths going to federal programs.
- Musk and Ramaswamy plan to suggest regulations for Trump to cut, and they said Trump could then use executive actions to pause the regulations and begin the removal process.
- A key part of DOGE's cost-cutting agenda has to do with scaling back government agencies. Some of the agencies DOGE plans to target include the Department of Education, the Internal Revenue Service, and the Defense department.