【JPMorgan: The U.S. Government Efficiency Department's Promotion of Federal Reform May Face Obstacles】On November 25, JPMorgan recently released a report assessing the U.S. Government Efficiency Department (DOGE). This department was established by President-elect Trump and is led by Elon Musk and Vivek Ramaswamy, aiming to streamline federal operations and cut wasteful spending. The report stated: "In terms of government efficiency, Trump is expected to implement an agenda advocating for the reduction of red tape. This includes the establishment of a new Government Efficiency Department," and added: "We believe that this department will find it difficult to achieve this." JPMorgan explained the reasons why DOGE may encounter obstacles: "Ultimately, Congress controls government spending, and DOGE is outside of Congress. The department can propose all the suggestions it wants, but in the end, it is the typical 60-vote majority in Congress that decides legislative changes."

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