Elon Musk Officially Has a New Position

robot
Abstract generation in progress

On 1/20, President Trump signed an executive order allowing the establishment of a group of advisors called the Department of Government Efficiency (DOGE) to cut government personnel and spending. On January 20, US President Donald Trump signed an executive order allowing the establishment of a advisory group called the Government Effectiveness Office (DOGE) aimed at reducing government personnel and spending. In his inauguration speech on January 20th, President Trump stated: "To restore capacity and efficiency to the federal government, the administration will establish a completely new DOGE." DOGE will be led by Tesla CEO Elon Musk and aims to promote the efficiency of government operations, including cutting about 75% of the federal government's workforce. Previously, billionaire Vivek Ramaswamy, who was nominated for co-leader of DOGE, announced his withdrawal due to preparing for the Ohio gubernatorial election. Just a few minutes after the announcement, some government union officials, monitoring groups and public interest organizations declared filing lawsuits against this decision. Previously, billionaire Musk revealed that DOGE would prepare a list of regulations issued by government agencies without the need for congressional approval, after which President Trump could nullify these regulations through executive orders. Musk added that reducing regulations would pave the way for "massive downsizing across the entire federal bureaucracy" and DOGE aims to cut over $500 billion in government spending. DYOR! #Write2Earn #Write&Earn $DOGE {spot}(DOGEUSDT)

ELON-2.54%
TRUMP-1.82%
S-1.6%
CHO-18.26%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)