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How Elon Musk's Department of Government Efficiency May Impact Your Wallet [Yahoo! Finance]
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federal spending, slash excess regulations, and restructure federal agencies. If successful, this could lead to lower taxes for all. However, the viability of DOGE is uncertain, as it would require congressional approval and may only serve in an advisory role. Despite this, Musk and Ramaswamy are committed to cutting federal spending, with DOGE employees reportedly receiving no paychecks, which could save taxpayers money. As President-elect Donald Trump assembles the cabinet for his incoming presidential administration, he has also announced his plan to create an initiative he calls the “Department of Governmental Efficiency” (DOGE). The stated goal of DOGE — which will be headed by billionaires Elon Musk of Tesla and Vivek Ramaswamy — is to “reduce wasteful federal spending ,” as reported by CBS News Read More: 10 Things the Middle Class Won't Be Able To Afford in Less Than a Decade Find Out: Why Skipping a Financial Advisor Could Be Your Biggest Money Mistake Trump himself
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