• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Musk and Ramaswamy: $2 Trillion US Budget Cut Plan

user avatar

by Giorgi Kostiuk

a year ago


A new department for improving US government efficiency has been established, led by Elon Musk and Vivek Ramaswamy, who have announced plans to cut the budget by $2 trillion.

IRS in the Spotlight

Elon Musk has publicly criticized the IRS as outdated. In a social media poll, 60.6% voted to eliminate the IRS budget. Meanwhile, the IRS seeks $20 billion in additional funding.

Other Agencies Under Consideration

D.O.G.E. plans to audit other federal agencies, including the Consumer Financial Protection Bureau and the Department of Education. Musk and Ramaswamy have expressed opinions on their elimination.

Defense Spending Under Review

The Department of Defense is under scrutiny for bureaucratic overspending. However, SpaceX's $3.6 billion defense contract avoids proposed cuts, raising questions about D.O.G.E.'s review objectivity.

D.O.G.E.'s initiative raises debates over its fairness and potential risks to key government functions. Despite the ambitious plans, their implementation remains uncertain.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

AI Crypto Narratives Gain Traction in 2025

chest

In 2025, AI-related crypto narratives gained traction, driven by AI agents and the DeFAI narrative, with investor interest rising significantly.

user avatarLi Weicheng

New ETF Targets Bitcoin Price Action After Market Hours

chest

A proposed exchange-traded fund, named the Nicholas Bitcoin and Treasuries AfterDark ETF, aims to chase Bitcoin's price action while the US market is closed.

user avatarTenzin Dorje

Bitcoin ETFs Surge as Regulatory Landscape Shifts

chest

The landscape for Bitcoin exchange-traded funds (ETFs) is rapidly expanding, with more than 30 Bitcoin ETFs starting to trade in the US since January 2024, following regulatory changes and increased market interest.

user avatarAisha Farooq

Cisco's Strategic Move into AI Infrastructure

chest

Cisco is making significant strides in the AI sector, having booked $1.3 billion in AI infrastructure orders from major web players, with a reported revenue of nearly $15 billion, marking a 75% increase from the previous year.

user avatarBayarjavkhlan Ganbaatar

Cisco Stock Hits New Heights, Surpassing 2000 Record

chest

Cisco's stock reached a new high of 80.25, surpassing its previous record of 80.06 from March 2000, highlighting the company's growth and resilience since the dotcom bubble.

user avatarMohamed Farouk

NEAR Protocol Sees Significant Growth in Network Intents

chest

NEAR Protocol's network intents are expanding at a triple-digit rate each month, indicating rising adoption.

user avatarElias Mukuru

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.