If Musk and Trump want to cut federal spending by $2 trillion, they’ll have to come for Social Security and Medicare

Musk is talking big cuts. Something’s got to give.

Business - MarketWatch - October 29

Musk’s ‘DOGE’ commission wants to cut trillions in government spending. Social Security and Medicare make prime targets.

Voters said they’ve had enough hardship. But Elon Musk says more is needed.

Business - MarketWatch - Yesterday

How Musk’s Department of Government Efficiency May Try to Slash Federal Spending

President-elect Donald J. Trump has tasked Elon Musk and Vivek Ramaswamy with identifying ways to cut the budget. The hard part comes next.

Top stories - The New York Times - 5 days ago

How Trump Superfan Elon Musk’s Plan to Cut $2 Trillion in Spending Could Mean Economic Chaos

The GOP candidate has spoken of making the billionaire CEO in charge of a ‘Department of Efficiency,’ but experts warn those dramatic reductions could mean instability and turmoil.

Business - Inc. - October 30

Musk draws skepticism with call for $2 trillion in spending cuts

Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of former President ...

Politics - The Hill - November 3

Will Elon Musk be able to cut $2 trillion from US government spending?

The Tesla CEO claimed he could slash US spending by eradicating “waste”.

Possible Trump Treasury secretary says he'd work with Musk to cut federal spending

Hedge fund founder John Paulson, an ally of former President Trump, said in a new interview that he will work with tech billionaire Elon Musk to “reduce federal spending” if tapped to serve as ...

Politics - The Hill - October 30

What a second Trump term means for Social Security, Medicare and affordable housing

Congress may have more impact than the president when it comes to retirement.

Business - MarketWatch - November 9

Here's where Elon Musk says his DOGE will aim to cut federal spending

Billionaires Elon Musk and Vivek Ramaswamy say the Department of Government Efficiency has targets in mind for cost cutting.

Mr. Musk Goes to Washington — With a $2 Trillion Agenda

Donald Trump tapped the tech mogul to co-lead an effort to slash government spending, but questions abound over how such an initiative would actually work.

Business - The New York Times - November 13

Harris and Trump need to win over older voters on more than just Social Security and Medicare

This election, older voters are worrying about issues that may not seem to directly affect them.

Business - MarketWatch - November 5

Social Security and Medicare affect almost everyone — and they’re barely being discussed

When it comes to entitlements, both presidential candidates have been vague and misleading

Business - MarketWatch - October 23

Trump’s plan to cut taxes on Social Security benefits may cost beneficiaries more in the long run

The president-elect’s plan may do more harm than good, experts said.

Business - MarketWatch - November 8

Elon Musk asks voters to brace for 'hardship' as billionaire plans deep spending cuts from potential Trump cabinet post

In the home stretch of the 2024 election, voters who’ve been weighing both campaigns’ proposals to tackle living costs are now hearing a new pitch from the Republican side: accept some short-term ...

Israeli budget hikes military spending, VAT, cuts social services

World - Yahoo News - November 1

Trump’s tax cuts and Musk’s Doge show they have no idea about US debt | Jeffrey Frankel

It is often said the tycoons know how to put America’s fiscal house in order – but the smart money says that’s not the case. When the US presidential election was called for Donald Trump, the yield ...

World - The Guardian - 5 hours ago

Swing-state voters want to know: What’s going on with Social Security?

Social Security’s trust fund is expected to be depleted in 2033. Where is the solution?

Business - MarketWatch - November 5

How Trump Could Bankrupt Social Security

Retirement benefits for millions of Americans are on the line.

Top stories - The New York Times - October 24

‘I don’t trust my financial guy.’ I’m 67 and trying to live on $2.2K-a-month Social Security. I have $500K with an adviser, who charges 2%, but last year the return was 26%. What’s my move?

We spotted a lot of too-common red flags.

Business - MarketWatch - October 31

Elon Musk to watch results with Donald Trump

The tech billionaire has aggressively campaigned for the Republican candidate in swing states across the country.

Wayfair customers are more price conscious, have cut spending as election nears

Wayfair’s stock turned lower as some downbeat comments about the home-goods seller’s customers followed an earnings beat.

Business - MarketWatch - November 1

Trump and Harris pledged to save Social Security. Here's what they'll do.

Vice President Harris and former President Trump have both vowed to protect Social Security, but experts say both of their campaign platforms fall short of specific solutions for a program that ...

Politics - The Hill - October 23

What a Trump Presidency Could Mean for Social Security Benefits

Readers are concerned that his campaign proposals would put Social Security’s finances on thinner ice, endangering their payments.

Business - The New York Times - November 14

With DOGE, Elon Musk Wants to Bring His Brutal Managerial Style to the Federal Government. But He Doesn’t Own It. Yet

Running the government like a corporation isn’t a new idea. It also doesn’t work.

Business - Inc. - 3 days ago

WATCH: Elon Musk spends election night with Trump at Mar-a-Lago

Elon Musk tweeted out a photo from Mar-a-Lago, showing Donald Trump huddled around and speaking with Musk and Dana White.

Trump wants to end 'wokeness' in education, vowing to use federal money as leverage

President-elect Donald Trump has a vision for education that revolves around a single goal: to rid America’s schools of perceived “wokeness” and “left-wing indoctrination.”

Automakers Want Trump to Keep Federal E.V. Regulations in Place

Donald J. Trump promised to erase Biden tailpipe rules that are designed to get carmakers to produce EVs. But Detroit wants to keep them.

Business - The New York Times - 6 hours ago

2024 election updates: Musk asks to move $1 million lottery case to federal court

The hearing will come a day earlier than scheduled and the judge stipulated that all parties be present.

Elon Musk handpicked by Trump to carry out slash-and-burn cuts plan

World’s richest man has been an enthusiastic cost-cutter – but he may find the public sector an entirely different beast. Donald Trump, president-elect of the US, announced on Tuesday that he has ...

World - The Guardian - November 13

How likely are major cuts from Trump, Musk and Ramaswamy's "DOGE"

President-elect Donald Trump's Department of Government Efficiency, headed by Elon Musk and Vivek Ramaswamy, has vowed to cut $2 trillion in government spending. CBS News MoneyWatch correspondent ...

Trump’s Historic Chief of Staff Pick, and What Elon Musk Wants Now

Plus, for $200, he was the voice of the internet.

Top stories - The New York Times - November 8

Why does Musk want to join Trump during second term as president?

Elon Musk will have to balance the many business dealings he has with the U.S. government as he contemplates joining President-elect Donald Trump for his second term in office. David Yaffe-Bellany, ...

My wife is 9 years older than I am — but makes 50% less. Will I have to retire for her to receive my Social Security spousal benefits?

“She will probably retire nearly a decade before I do.”

Business - MarketWatch - 5 days ago

Latest in If Musk and Trump want to cut federal spending by $2 trillion, they’ll have to come for Social Security and Medicare