Musk and Ramaswamy to discuss cost-cutting plans with lawmakers in Washington
Elon Musk and Vivek Ramaswamy will meet with lawmakers on Capitol Hill to discuss their new advisory body, the Department of Government Efficiency, or "Doge." This group aims to cut federal regulations, spending, and staff, but it is not an official government department. Doge will operate as an advisory team, helping the Trump transition team identify regulations for review and potential cuts. Musk claims they can find over $2 trillion in savings, with plans for significant layoffs and agency closures. While some experts doubt the feasibility of their goals, there is some bipartisan support for cuts to defense spending. Notably, Democratic Representative Jared Moskowitz has joined the House Doge caucus, which focuses on reducing government spending.