Musk and Ramaswamy to Lead $2 Trillion Federal Budget Cut Initiative

The Department of Government Efficiency aims to recommend sweeping cuts to federal spending and bureaucracy by July 2026.

Elon Musk and Vivek Ramaswamy have been tasked by President-elect Donald Trump to propose $2 trillion in federal budget cuts, targeting nearly 30% of government spending.
The Department of Government Efficiency (DOGE) plans to recommend reducing federal regulations, shrinking the federal workforce, and eliminating or restructuring entire agencies.
Key areas under consideration for cuts include expired federal spending commitments, public broadcasting, and DEI programs, though Social Security and Medicare are off-limits per Trump's stance.
DOGE leaders intend to leverage recent Supreme Court rulings to challenge regulatory authority and propose streamlining federal office space usage to reduce costs.
The initiative faces significant challenges, including legal hurdles, congressional approval requirements, and resistance from both political parties on specific spending priorities.