Additional Coverage:
- Elon Musk is looking to cut government waste. Here’s what the US spends money on right now. (newsbreak.com)
President-elect Donald Trump has tapped Elon Musk and Vivek Ramaswamy to lead a “Department of Government Efficiency” aimed at cutting government spending.
The U.S. government spent $6.75 trillion in 2024, with the largest expenses being Social Security, health, and Medicare.
Areas like transportation and education may face scrutiny for potential spending reductions.
Trump has previously suggested shutting down agencies like the Education Department to save money, a view shared by Ramaswamy.
However, closing federal agencies requires congressional approval.
Musk has stated that the commission’s actions will be posted online for transparency, encouraging public input on spending cuts.