• 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

2 hours 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Elon Musk has publicly criticized the IRS as outdated.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

Share

Other news

Solana Price: Signs of a Strong Bullish Reversal

The Solana price surged 3% in 24 hours, indicating strong bullish sentiments.

user avatar

a few seconds ago

Cryptocurrency as Property: Putin's New Law and Its Implications

Putin signs the law recognizing cryptocurrencies as property for foreign trade, exempting mining and sales from VAT.

user avatar

a few seconds ago

Six Altcoins that Could Multiply Investments by 30 Times in Just 60 Days

Six altcoins, including Rexas Finance and Shiba Inu, could turn $600 into $18,000 in 60 days.

user avatar

2 minutes ago

Ether ETFs Surpass Bitcoin on Court Win

Ether ETFs surpass Bitcoin funds amid court win and regulatory improvement, drawing $224.9 million inflows.

user avatar

2 minutes ago

Hydration Introduces New Decentralized Borrowing Platform

Hydration launches a platform where users can collateralize crypto to earn interest and borrow digital assets.

user avatar

3 minutes ago

Success of SPX6900 and Potential of BTFD Coin in the Meme Coin Market

SPX6900 has established itself, but BTFD Coin promises to be the next successful project in the meme coin world.

user avatar

4 minutes ago

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. DappExpert. All rights reserved.

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.