Elon Musk and Vivek Ramaswamy announced the creation of the Department of Government Efficiency (DOGE), aimed at cutting federal spending by $500 billion. They plan to reduce funding not authorized by Congress and reallocate funds from programs that do not align with lawmakers' original intentions, such as public broadcasting and international organizations. Plans also include reducing the number of federal employees through layoffs and relocating agencies outside Washington.
11/25/2024 3:43:16 PM (GMT+1)
Elon Musk and Vivek Ramaswamy create the Department of Government Efficiency to cut $500 billion in federal spending, including unauthorized programs 🏛️
2780
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
El Salvador and Paraguay have signed a cooperation agreement on cryptocurrency regulation to combat illegal operations and improve control over money laundering
Microsoft is developing its own AI models and testing alternatives to OpenAI to compete in the technology space, investing $14 billion and hiring industry experts
European regulators are investigating OKX's involvement in laundering $100 million from the hacked funds of Bybit, considering a potential violation of MiCA standards for cryptocurrency services
OKX receives the MiFID II license to launch derivative products in Europe, expanding offerings for institutional clients and highlighting commitment to strict regulatory standards
Binance launches a voting mechanism for the listing and delisting of tokens, providing users with more control and supporting new promising projects
Utah removed the creation of a Bitcoin reserve fund from the HB230 bill, which now focuses on protecting the rights of miners and digital asset owners
Australia does not plan to create a strategic cryptocurrency reserve, despite the USA's initiative to include XRP, Bitcoin, and others in the national financial reserve
