Elon Musk, Trump’s choice to lead efficiency drive, vows to cut US$500b in federal spending and slash bureaucracy

Elon Musk, Trump’s choice to lead efficiency drive, vows to cut US$500b in federal spending and slash bureaucracy
Elon Musk, Trump’s choice to lead efficiency drive, vows to cut US$500b in federal spending and slash bureaucracy

Hello and welcome to the details of Elon Musk, ’s choice to lead efficiency drive, vows to cut US$500b in federal spending and slash bureaucracy and now with the details

Nevin Al Sukari - Sana'a - Elon Musk said he was taking aim at hundreds of billions of dollars in government spending—including funding for public broadcasting and international aid. — Reuters

WASHINGTON, Nov 21 — Elon Musk outlined plans yesterday for his new role as “efficiency” czar—signaling an assault on federal spending and staffing that would be backed by President-elect Donald Trump’s executive powers and a conservative Supreme Court.

Writing in the Wall Street Journal, the world’s richest man said he was taking aim at hundreds of billions of dollars in government spending—including funding for public broadcasting and international aid—as well as at bureaucracy that represents, according to him, an “existential threat” to US democracy.

The Tesla and SpaceX CEO, who also owns the X social media platform, said that he and Vivek Ramaswamy, a fellow businessman and Trump loyalist, would work to slash federal regulations and make major administrative changes.

“We are entrepreneurs, not politicians. We will serve as outside volunteers, not federal officials or employees,” Musk and Ramaswamy wrote in their most detailed remarks since Trump named them heads of a new so-called Department of Government Efficiency.

They said DOGE—expected to function more as an advisory group rather than a formal department—will prepare a list of regulations which Trump could invalidate unilaterally.

“When the president nullifies thousands of such regulations, critics will allege executive overreach. In fact, it will be correcting the executive overreach of thousands of regulations promulgated by administrative fiat that were never authorized by Congress,” they said.

Musk and Ramaswamy added that a reduction in regulations would pave the way for “mass head-count reductions across the federal bureaucracy,” and said DOGE would aim to cut more than $500 billion in government expenditures.

“With a decisive electoral mandate and a 6-3 conservative majority on the Supreme Court, DOGE has a historic opportunity for structural reductions in the federal government,” they said.

Supreme Court allies

Moves to gut programs will almost certainly face political pushback, even from Republicans, and prompt legal challenges.

However Musk and Ramaswamy voiced confidence that recent rulings by the conservative-dominated Supreme Court would allow them to push through the ambitious agenda.

“With a decisive electoral mandate and a 6-3 conservative majority on the Supreme Court, DOGE has a historic opportunity for structural reductions in the federal government,” they said.

They said that DOGE’s top goal was to not be needed by July 4, 2026, which was described as an expiration date for the project.

Musk become a close ally to Trump during his campaign, reportedly spending over $100 million to boost his presidential bid and joining him at rallies.

However, with Musk’s businesses all having varying degrees of interactions with US and foreign governments, his new position also raises concerns about conflict of interest.

The South African-born billionaire invited Trump to watch a test flight of his SpaceX company on Tuesday in a sign of ever closer ties between the pair.

But their relationship—defined by combustible personalities and some past policy differences—could be subject to friction once the reality of political life sets in. — AFP

These were the details of the news Elon Musk, Trump’s choice to lead efficiency drive, vows to cut US$500b in federal spending and slash bureaucracy for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Hezbollah to pay US$77m in war relief and rent support to families hit by Israel War
NEXT Using clues from online sexual assault video, Thai cops rescue 10-year-old victim from month-long captivity on boat

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]