D.O.G.E. Aims to Cut Federal Agency Spending By $2 Trillion, Targets IRS Budget Reductions

The newly established Department of Government Efficiency (D.O.G.E.) aims to cut federal agency spending by $2 trillion. Led by Elon Musk and Vivek Ramaswamy, the department has targeted the Internal Revenue Service (IRS) for budget reduction. A poll on X (formerly Twitter) showed 60.6% support for eliminating the IRS budget entirely.

The Consumer Financial Protection Bureau (CFPB) and Department of Education are also on the list for potential cuts. The Dogecoin value increased following Trump’s election victory and D.O.G.E. announcements.

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