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Musk Wants to Slash $2 Trillion in Federal Spending. Is That Possible? [1]

['Madeleine Ngo', 'David A. Fahrenthold']

Date: 2024-11-16

President-elect Donald J. Trump has vowed to cut wasteful government spending, fire what he considers rogue bureaucrats and overhaul federal agencies once he is back in power.

But slashing the budget and substantially scaling back the federal work force is a formidable task. Among other things, it could require cutting popular programs that aid older Americans and reducing resources at agencies that support the nation’s defense and security.

On Tuesday, Mr. Trump tapped two loyal supporters to help find ways to carve up the budget: Elon Musk, the world’s richest man, and Vivek Ramaswamy, a former pharmaceutical executive who was once Mr. Trump’s rival for the Republican presidential nomination. Mr. Trump said the two would lead a new Department of Government Efficiency that would drive “drastic change.”

Mr. Trump has not set a dollar amount that he wants the commission to cut from the federal budget. Mr. Musk has.

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[1] Url: https://www.nytimes.com/2024/11/16/us/politics/dept-government-efficiency-explainer.html

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