Billionaire entrepreneur Elon Musk recently met with Republican senators on Capitol Hill to discuss formalizing budget reductions initiated by the Department of Government Efficiency (DOGE) into law.
The Social Security Administration (SSA) has announced more than $800 million in identified savings for fiscal year 2025, aiming to enhance efficiency and reduce bureaucratic stagnation.
Russell Vought was confirmed as the new director of the Office of Management and Budget (OMB) in a 53-47 Senate vote. Known for advocating conservative fiscal policies, Vought is tasked with managing looming fiscal challenges, including averting a government shutdown and addressing the debt ceiling. His confirmation reinforces the administration’s goal of reshaping federal spending through deep cuts, particularly in social programs like Medicaid, and pushing for expanded presidential control over budget decisions.
In a recent closed-door meeting, conservative members of the House of Representatives pressed for at least $2.5 trillion in federal spending reductions as part of President Donald Trump's proposed budget.
