• 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Elon Musk has publicly criticized the IRS as outdated.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

Tickmill: The Preferred Choice for High-Frequency Traders

chest

Tickmill has established itself as a leading platform for high-frequency traders and scalpers, offering exceptional execution speeds and low commissions.

user avatarMaya Lundqvist

MSCI's Decision Provides Relief for Strategy

chest

MSCI's decision not to exclude digital asset treasury companies from its global equity indexes eases concerns for Strategy, allowing its stock to post a modest gain.

user avatarMaria Fernandez

Pi Network Shows Bearish Patterns as Token Supply Increases

chest

Pi Coin is showing bearish patterns, indicating potential further declines in price.

user avatarLucas Weissmann

2026 Introduces New Maturity Benchmarks for Fundraising

chest

In 2026, fundraising is characterized by new maturity benchmarks that require founders to provide more evidence of traction and operational control at every stage.

user avatarRajesh Kumar

New Geographic Clusters Drive Venture Capital Returns in 2026

chest

In 2026, geographic clusters like Saudi Arabia and Latin America are emerging as key players in venture capital, focusing on regulatory stability and market size.

user avatarMiguel Rodriguez

2026 Sees Convergence of Private and Public Markets

chest

In 2026, the boundaries between private and public markets are increasingly blurred as startups remain private longer, developing robust liquidity channels and emphasizing operational maturity.

user avatarGustavo Mendoza

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.