Elon Musk's trillion-dollar efficiency commission has Trump's support, but needs Congress' help
Published On Jan 17, 2025, 4:13 PM
Elon Musk has been appointed to lead an informal commission called 'DOGE' (Department of Government Efficiency) that aims to streamline the federal government and cut at least $1 trillion from federal spending. He has garnered support from Donald Trump and some members of Congress. The commission is set to propose budget cuts and deregulation recommendations, but faces significant challenges in actual legislative changes, as many areas of federal spending are deemed untouchable. The success of DOGE will heavily depend on public pressure and legislative cooperation from Congress.
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Given Musk's high-profile involvement and the potential for significant government savings, the news may create ongoing interest in sectors where efficiency could enhance profitability, including technology and financial services sectors that thrive with deregulation.
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