• 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Elon Musk has publicly criticized the IRS as outdated.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

HIP3 Revolutionizes Event-Driven Trading

chest

HIP3 is providing traders with new event-driven trading opportunities outside traditional market hours.

user avatarMohamed Farouk

Hyperliquid's Transparent Token Model Gains Traction

chest

Pratik Kala emphasizes Hyperliquid's transparent token model and its growing adoption among traders and funds.

user avatarElias Mukuru

Apollo Crypto's Major Investment in Hyperliquid

chest

Apollo Crypto has made Hyperliquid its largest altcoin position, highlighting its unique token design and market structure.

user avatarBayarjavkhlan Ganbaatar

Analysts Optimistic About Microsoft's Growth Potential

chest

Analysts are optimistic about Microsoft's growth potential, with price targets for MSFT set between 600 and 650 due to strong AI partnerships.

user avatarDiego Alvarez

Microsoft Partners with Starlink to Enhance Digital Access

chest

Microsoft partners with Starlink to enhance digital access in rural areas.

user avatarKenji Takahashi

Microsoft and OpenAI Strengthen Partnership in 2026

chest

On February 27, 2026, Microsoft and OpenAI announced the growth of their partnership, which has evolved from a collaborative research effort to a significant technology focus.

user avatarMaria Fernandez

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.