Wall Street Concerned About Government Efficiency Department (DOGE) Causing Stock Market Collapse

Wall Street is currently worried about the Government Efficiency Department (D.O.G.E), a newly established agency under the leadership of Elon Musk and Vivek Ramaswamy in the administration of President-elect Donald Trump. There are high expectations that DOGE will help cut up to $500 billion in unnecessary and wasteful federal spending. However, the challenges in executing this mission have left investors on Wall Street feeling anxious, as budget cut proposals still need to be approved by Congress, while D.O.G.E operates outside of their control.

Additionally, sectors such as defense, pharmaceuticals, and government contracts could face significant risks as DOGE proposes budget cuts. Major companies like Lockheed Martin, Boeing, and pharmaceutical firms are currently bracing for the negative impact from this policy. In a context where the stock market has felt unstable due to high valuations, DOGE could be a potential risk factor for investors. Along with various other fluctuations in politics and economics, the emergence of DOGE could create many unintended consequences for the stock market in 2025.