Elon Musk and Vivek Ramaswamy propose private initiative to cut federal budget by $2 trillion

Elon Musk and Vivek Ramaswamy plan to create a private initiative called the Department of Government Efficiency (DOGE) to propose significant cuts to the federal budget. They aim to reduce spending by $2 trillion and eliminate over 75% of federal jobs. Their approach faces constitutional challenges, as Congress controls the federal budget. Previous attempts at deep cuts have struggled due to political resistance, and experts question the feasibility of their plans without congressional approval. Musk and Ramaswamy intend to challenge a 1974 law that limits presidential power to withhold approved funds. Their initiative raises concerns about creating a parallel government structure, similar to past private budget commissions that had limited success.