• 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Elon Musk has publicly criticized the IRS as outdated.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

Ghana Launches First Regulatory Crypto Sandbox

chest

Ghana has launched its first regulatory crypto sandbox, allowing 11 approved Virtual Asset Service Providers to pilot their products in a controlled environment for 12 months.

user avatarTenzin Dorje

Congress Faces Urgent Need to Address Social Security Insolvency

chest

Congress faces an urgent need to address Social Security insolvency as the trust fund depletes faster than expected, requiring immediate legislative action to prevent significant benefit cuts by 2032.

user avatarMohamed Farouk

Social Security Benefit Cuts Looming for 72 Million Americans

chest

Starting in 2032, Social Security recipients may face benefit cuts of up to 28% due to the depletion of the trust fund.

user avatarBayarjavkhlan Ganbaatar

XRP Withdrawals Surge as ETF Demand Remains Strong

chest

Recent data indicates a significant increase in XRP withdrawals from Binance, coinciding with strong demand for XRP ETFs.

user avatarElias Mukuru

Arthur Hayes Advises Against Bitcoin Investment Until Fed Increases Money Supply

chest

Crypto analyst Arthur Hayes advises against investing in Bitcoin until the Federal Reserve increases money supply.

user avatarDiego Alvarez

Roman Storm Set for Retrial on Money Laundering Charges

chest

Federal prosecutors are moving to retry Roman Storm, co-founder of Tornado Cash, on charges of money laundering and sanctions violations.

user avatarKenji Takahashi

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.