Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Politics

DOGE eyes suggestions to slash federal DEI programs: report

by January 17, 2025
January 17, 2025
DOGE eyes suggestions to slash federal DEI programs: report

Tesla and SpaceX CEO Elon Musk and tech entrepreneur Vivek Ramaswamy’s newly created Department of Government Efficiency (DOGE) is eying a proposal that would slash federal diversity and inclusion programs, according to a new report.

DOGE is tasked with eliminating government spending, waste and streamlining efficiency and operations, and is expected to influence White House policy on budget matters. 

The proposal circulating among DOGE advisors is a 19-page report from the Wisconsin Institute for Law and Liberty, a conservative and libertarian nonprofit organization, the Washington Post reports. 

Specifically, the document claims that there is more than $120 billion annually spent on ‘diversity, equity and inclusion’ initiatives like Agriculture Department grants and loans for minority farmers and ranchers – efforts the organization claims are unconstitutional. 

Although it’s unlikely that the entirety of those funds will face complete elimination, sources told the Post that these diversity efforts will likely face cuts to free up spending. DOGE advisors have viewed the document, and it is making its rounds through the committee, the Post reports. 

‘That’s been sent down from on high, that all this DEI stuff has to go,’ someone familiar with DOGE’s early plans told the Post. ‘Once all these guys get confirmed, and he’s the president on Jan. 20, this is going to happen fast and furious.’

Musk is expected to occupy space in the Eisenhower Executive Office Building which is directly beside the West Wing and where the majority of office space for White House staffers exists, the New York Times reported this week. 

While Musk and transition officials have discussed the nature of the billionaire’s access to Trump post-inauguration, solidified plans are pending, according to the Times, which noted that special passes are usually required in order to freely visit the West Wing.

DOGE is not part of the federal government, but the committee is expected to suggest executive orders for the Trump administration and partner with the Office of Management and Budget on new initiatives.

Altogether, DOGE seeks to slash $2 trillion from the federal government budget through cuts to spending, government programs and the federal workforce.

Even so, that plan may be a bit ambitious. Musk recently said that eliminating $2 trillion from the federal budget might not be realistic, and cutting $1 trillion was a more likely outcome. 

‘I think we’ll try for $2 trillion. I think that’s like the best-case outcome,’ Musk said during tech trade show CES this month in Las Vegas. ‘But I do think that you kind of have to have some overage. I think if we try for $2 trillion, we’ve got a good shot at getting $1 [trillion].’

Related Topics

White House
Donald Trump
Trump Transition
Elon Musk
Spending

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Biden maintains he will not enforce TikTok ban, plans to punt to Trump administration
next post
FDA officially authorizes Zyn nicotine pouches for sale following health review

You may also like

Biden White House has ‘very low’ trust in...

October 8, 2024

Trump admin planning to consolidate HIV programs, slashing...

March 19, 2025

Trump nominee Tulsi Gabbard clears last hurdle, heads...

February 11, 2025

Walz unknown by 4 in 10 Americans, but...

August 21, 2024

Hawley presses FBI to probe alleged Biden-era targeting...

March 26, 2025

Trump’s picks so far: Here’s who will be...

November 18, 2024

More than 230 doctors and health care professionals...

October 16, 2024

Hillary Clinton blasts Trump’s legal woes amid ‘lock...

August 20, 2024

Israel strike in Lebanon reportedly kills 4 Hezbollah...

August 7, 2024

Trump slams Biden’s ‘pathetic’ correspondence with Netanyahu, reveals...

October 13, 2024

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • Trump tax leaker takes 5th in House inquiry into Biden DOJ plea deal

      June 4, 2025
    • China, Rubio exchange jabs on 36th anniversary of Tiananmen Square massacre

      June 4, 2025
    • Trump DOJ takes ‘unprecedented’ step admonishing foreign judge in free speech case centered on Rumble

      June 4, 2025
    • Hawley clashes with UPenn law professor over judicial injunctions

      June 4, 2025
    • Radical new DOGE transparency powers could hit Congress after Elon Musk exit

      June 4, 2025
    • Massive Russia sanctions package stalls as Trump pushes for Ukraine peace talks

      June 4, 2025

    Categories

    • Business (657)
    • Investing (661)
    • Politics (4,347)
    • World News (2,930)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 WhaleLargeCapital.com | All Rights Reserved