News on Medial

Elon Musk brings Trump's government efficiency push to Capitol Hill

Economic TimesEconomic Times · 12d
Elon Musk brings Trump's government efficiency push to Capitol Hill

Billionaire Elon Musk and former presidential candidate Vivek Ramaswamy met with Republican lawmakers to discuss the sweeping spending cuts requested by President-elect Donald Trump. Musk aims to achieve $2 trillion in savings through firing federal workers, slashing regulations, and eliminating expired programs. However, implementing these changes may face resistance and challenges due to their potential impact on popular programs and the federal workforce. Musk expressed the need to spend public funds wisely, but offered limited details on his cost-cutting plans. While Republicans have expressed openness to cooperation, significant reductions in spending could prove difficult due to the limitations of the annual budget process and non-discretionary spending.

Comments

Download the medial app to read full posts, comements and news.