Additional Coverage:
- DOGE tracker: A running list of what Elon Musk and Vivek Ramaswamy say they will change (newsbreak.com)
Elon Musk and Vivek Ramaswamy Aim to Trim $2 Trillion from Federal Budget
Elon Musk and Vivek Ramaswamy have proposed a plan to drastically reduce the federal budget by $2 trillion by July 4, 2026.
Cutting Regulations and Agencies
To achieve this goal, they aim to eliminate or significantly reduce regulations and entire agencies. They have specifically targeted the Department of Education, Defense, Consumer Financial Protection Bureau, and Internal Revenue Service.
Impact on Public Services and Agencies
The plan could also affect public media, Planned Parenthood, and NASA, as Musk and Ramaswamy intend to curb funding for such services and expired federal spending commitments.
Federal Workforce Reduction
They also propose reducing the size of the federal workforce, aiming to determine the minimum number of employees needed at each department and implement measures to encourage voluntary resignations.
Relocation and Audit
Musk and Ramaswamy have suggested relocating federal agencies outside Washington and conducting audits of agencies to identify potential savings.
Transparency and Public Input
They plan to publicize all of their actions and create a “leaderboard” for wasteful spending, inviting public input and feedback.
Other Possible Initiatives
While not officially part of DOGE’s plan, Musk and Ramaswamy have hinted at potentially addressing daylight-saving time, subsidies, and DEI efforts in universities.