The Department of Government Efficiency (DOGE), spearheaded by Elon Musk, may face shutdown after just two months of operation. President Donald Trump hinted at this possibility, citing Musk’s impending departure due to his corporate responsibilities. Musk, who holds a temporary government position, is expected to step down by May, leaving the future of DOGE in question. Critics argue that the political will to enforce spending cuts is lacking, and the initiative has sparked backlash among some of Trump’s constituents.
DOGE has reported $140 billion in savings through fraud prevention, asset sales, and operational streamlining. However, achieving the ambitious $1 trillion target remains uncertain, with skepticism surrounding the sustainability of these savings. The department’s efforts have included terminating contracts, consolidating agencies, and reducing workforce redundancies, but the broader fiscal picture remains bleak as the national debt surpasses $36 trillion.
🇺🇸 PRESIDENT DONALD TRUMP REPORTEDLY TOLD HIS INNER CIRCLE THAT:
ELON MUSK WILL STEP BACK FROM CURRENT ROLE 'IN COMING WEEKS' – POLITICO pic.twitter.com/7ydR8qqhok
— Evan (@StockMKTNewz) April 2, 2025
BREAKING: President Trump has reportedly told his inner circle that Elon Musk will be "stepping back in the coming weeks from his current role," per Politico.
Tesla stock, $TSLA, is up sharply on the news. pic.twitter.com/J9OH8BSNUv
— The Kobeissi Letter (@KobeissiLetter) April 2, 2025
Sources:
https://www.yahoo.com/news/trump-suggests-elon-musk-doge-130118435.html