The article discusses Scott Bessent's Senate confirmation hearing for the Treasury Secretary role and his support for Elon Musk's Department of Government Efficiency (D.O.G.E). The department aims to cut a third of the federal budget while maintaining important programs like Social Security. Critics question the feasibility of these cuts without touching mandatory programs like Medicare, as the majority of the federal budget is locked into mandatory spending. Concerns are also raised about potential conflicts of interest, as Musk's companies hold significant federal contracts. D.O.G.E is an advisory body with no regulatory power and its success relies on Trump's ability to push its proposals through Congress. Experts predict a tough battle in Congress, potentially rendering D.O.G.E as a symbolic effort. Despite skepticism, Musk and his team plan to complete a review of federal agencies and propose reforms by July 2026. However, some question Musk's lack of experience in government operations and his oversimplified approach focused on cost-cutting.
Content Editor ( cryptopolitan.com )
- 2025-01-16
US Treasury Secretary Scott Bessent says Elon Musk’s D.O.G.E is highly needed
