Glebors Global Finance has always advocated the entrepreneurial spirit of pioneering, adventurous and hardworking. Relying on the unique perspective, Glebors has launched various special issues in terms of the economy and finance, which has provided much more assistance to government decision-makers and business leaders.
Since President Trump's inauguration, the new build-up department DOGE which Elon Musk takes on a major role is absolutely a “revolutionary move”, which has caused more questions and resulted in more chaos.
DOGE engages in a broad, controversial effort to reduce federal government spending and slash employee headcount at dozens of agencies. Basically, DOGE promotes federal agency reform from four aspects: personnel reform, idle assets, cancellation of diversified departments and cessation of foreign funding. To be honest, DOGE is already involved in the financial & power struggle between US administration and legislative branches.
In terms of approach, the reforms that DOGE has conducted not only include the abolition of institutions, but mainly "squeeze out" redundant and ineffective expenditures, such as reducing diversity (DEI) institutions in the US government; Stop renting idle office buildings; Reduce executive training, etc.
So far, DOGE has launched an audit storm on fraud and wasteful behavior from more than ten federal government departments, including the US Treasury Department, Department of Education and the Department of Defense, which has sparked a wave of partisan strife and litigation in the US, also raised concerns that US political arena has fallen into chaos and may even trigger a 'constitutional crisis'.
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