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Trump's administration is warning government workers about a "fork in the road" in a memo offering buyouts. It's the same subject line Musk used in an email telling Twitter staff they had to be ...
Voters are voicing their support for the Trump administration’s efforts to clean up wasteful government spending, despite some Democrats protesting the actions. President Donald Trump and Tesla ...
This time, Trump has promised to appoint Musk as chief government efficiency officer. That gives Musk’s frankness about reductions — and his track record of making large, painful cuts at his ...
Trump has suggested eliminating federal income taxes altogether. Reuters reports that on Feb. 13, a senior member of the Elon Musk-led Department of Government Efficiency (DOGE) visited the IRS ...
Musk has said he would eliminate 30% of spending in the $6 trillion budget and Ramaswamy has said he wants to lay off half of all federal workers. Here’s a closer look at the federal workforce ...
The Congressional Budget Office estimated in January 2025 that extending the 2017 Trump tax cuts could increase deficits by more than $4 trillion over 10 years, if not offset by spending cuts. Trump's campaign proposals to exempt Social Security benefits, tip and overtime income from taxation would further increase deficits.
President Donald Trump appointed Elon Musk to lead the new Department of Government Efficiency (DOGE) to reduce government spending by up to $2 trillion by July 4, 2026. Read Next: If Trump...
The CBO estimated the impact of Trump's tax cuts and separate spending legislation over the 2018–2028 period in their annual "Budget & Economic Outlook", released in April 2018: CBO forecasts a stronger economy over the 2018–2019 periods than do many outside economists, blunting some of the deficit impact of the tax cuts and spending increases.