Overview

• 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.