Musk’s Slashing of the Federal Budget Faces Big Hurdles

The so-called Department of Government Efficiency, with Elon Musk as co-leader, has advantages that past budget-cutters did not, but laws and court challenges can still make change slow and difficult.

Top stories - The New York Times - 3 hours ago

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 - November 16

Trump Win Could Make Musk’s Robotaxis a Reality, Though Hurdles Remain

Despite the president-elect’s public scorn for EVs, his victory could ease the regulatory path for his billionaire backer’s next big Tesla project.

Business - Inc. - November 14

Super Micro’s stock falls further as it faces new hurdle with filing deadlines

The server maker disclosed it will be late with its quarterly filing in addition to its past annual one. Super Micro also said it needs additional time to find a new auditor.

Business - MarketWatch - November 13

RFK Jr. faces hurdles in push against fluoride in water

Robert F. Kennedy Jr.’s goal of removing fluoride from the water supply faces challenges regardless of what role he plays on health care in the new Trump administration. Days before ...

Politics - The Hill - November 14

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 Elon Musk’s and Vivek Ramaswamy’s Government-Slashing Spree Could Backfire

If they’re not careful, they could make the government’s efficiency problems worse.

Top stories - The New York Times - November 18

How Quickly Can Trump’s Musk-Led DOGE Panel Slash Regulations?

Musk and Ramaswamy have a broad general mandate from the president-elect, but their planned massive cuts may be hard to implement.

Business - Inc. - 5 days ago

Musk's big bet

Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story Elon Musk's big bet pays off Elon Musk's massive bet on former President Trump appears to have paid off, ...

Politics - The Hill - November 7

Is higher inflation here to stay? Fed faces hurdles in quest to crush rising prices.

As inflation slowed sharply last summer, the Federal Reserve sketched out a plan to slash high U.S. interest rates in anticipation of its pending victory over runaway prices. Now that plan is risk.

Business - MarketWatch - 6 days ago

How Elon Musk’s plan to slash government agencies and regulation may benefit his empire

Donald Trump has said the Department of Government Efficiency would end government “bureaucracy,” relax “excess” regulations and cut “wasteful” expenditures.

Business - CNBC - 5 days ago

Musk's DOGE wants to slash regulations. Workers and patients may suffer, experts say.

Trump appointed Elon Musk as co-head of the Department of Government Efficiency.

Chris Mason: Chancellor will set agenda for years to come

Rachel Reeves' historic first Budget will set the agenda for the Labour government for years to come.

UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing

Taxes rise as chancellor delivers the first Labour budget since 2010

Business - Financial Times - October 30

UK Labour’s Budget borrows big, taxes more

Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowing

World - Financial Times - October 31

The Budget should not be a big deal for interest rates

Bank of England has already had plenty of time to react to the chancellor’s thinking

Business - Financial Times - October 31

U.K. Budget Makes a Big Bet on Spending for Growth

The Labour Party is betting that extra spending on public services and more investment will eventually revitalize the country’s stagnant economy.

Business - The New York Times - October 31

Labour wants to reverse decline – but with a big budget comes a big risk

The government knows cynical voters will need to see tangible change in public services and to feel better off. At the final political cabinet before Rachel Reeves delivered her first budget this ...

World - The Guardian - October 30

Democratic senators call for federal probe into Musk's contact with Russia

A pair of Democratic senators called for a federal investigation into Elon Musk’s involvement in SpaceX’s federal contracts following reports the tech billionaire has been in regular contact with ...

Politics - The Hill - November 15

Musk and Ramaswamy call for ending work-from-home for federal employees

Pair suggest Trump could require government workers to be in-office five days a week as part of effort to trim workforce. Elon Musk and Vivek Ramaswamy suggested Donald Trump could require ...

World - The Guardian - 6 days ago

Trump Is Betting Big on Musk’s Swing-State Moonshot

The candidate is leaning on an unusual canvassing effort funded by Elon Musk. If successful, it could usher in a new era when billionaires dominate ground campaigns.

Business - The New York Times - November 6

'No white knight coming': Federal authorities will face limits responding to election lies

Federal law enforcement are preparing for election threats and minsinformation, but they're limited by law and already mistrusted by Donald Trump's supporters.

Facing Post-Election Concerns, Federal Reserve Cuts Rate by Quarter-Point

After Donald Trump’s election win, the Federal Reserve cut its benchmark interest rate to about 4.6 percent.

Business - Inc. - November 7

Khanna says Democrats will work with Musk's DOGE on cutting defense budget

Rep. Ro Khanna (D-Calif.) on Monday suggested that Democrats could work with tech billionaire Elon Musk’s “Department of Government Efficiency” (DOGE) on cutting the defense budget. The issue came ...

Politics - The Hill - 2 days ago

Chris Mason: A change-making Budget and a moment of jeopardy

The government's fate will depend on whether it can make things better, says political editor Chris Mason.

Will women be the big losers from Rachel Reeves’ first Budget?

National insurance increases will push up the cost of childcare and hit lower-paid part-time jobs

World - Financial Times - November 8

Medicaid May Face Big Cuts and Work Requirements

Republicans in Congress are eyeing cuts to Medicaid, which could threaten health coverage for tens of millions of poor Americans.

Health - The New York Times - November 20

Autumn budget live: Rachel Reeves raises taxes by £40bn and increases spending on NHS and schools

Chancellor announces changes to employers’ national insurance contributions, inheritance tax, capital gains tax and other duties. Budget 2024: key points at a glance Full report: Reeves raises ...

World - The Guardian - October 30

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

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 moves $1 million voter lottery lawsuit to federal court — for now

Tesla CEO Elon Musk and his America PAC are supporting Donald Trump against Kamala Harris in the presidential election contest.

Business - CNBC - October 31

Elon Musk seeks to move $1M swing state voter giveaway case to federal court

Elon Musk is attempting to move to federal court a lawsuit challenging his $1 million daily giveaways to registered voters in swing and battleground states, throwing into question a scheduled ...

Politics - The Hill - October 31

Elon Musk's legal team delays possible ruling on $1M giveaways with federal court filing

PHILADELPHIA — Elon Musk’s legal team filed court papers that delayed a potential ruling on a lawsuit over his super PAC's $1 million lottery-style giveaways.

Elon Musk skips hearing as $1m election giveaway case moves to federal court

Absence would have risked contempt of court had the case continued in Pennsylvania. US elections 2024 – live updates Elon Musk failed to show up to a required hearing in a Philadelphia case ...

World - The Guardian - October 31

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