Deep Tide TechFlow News, on November 25, according to Bitcoin.com News, JPMorgan released a report on November 22, questioning the prospects of the newly established Department of Government Efficiency (DOGE) by Trump. JPMorgan pointed out that due to Congress controlling the decision-making power of government spending and needing a 60-vote majority to push for legislative changes, DOGE will face significant obstacles in practical operations. The bank expects investors to focus on which agendas the Trump 2.0 government will prioritize in 2025.
The department is led by Elon Musk and Vivek Ramaswamy, aiming to streamline federal operations and cut unnecessary spending. Musk stated that DOGE is expected to reduce federal spending by at least $2 trillion and emphasized the need for immediate action to prevent the U.S. from going bankrupt.