Essayer OR - Gratuit
Musk's DOGE cuts based more on political ideology
Financial Express Kochi
|February 13, 2025
THE FIRST PHASE of the rapid-fire effort by Tesla CEO Elon Musk and President Donald Trump to cut waste from government agencies appears driven more by an ideological assault on federal agencies long hated by conservatives than a good-faith effort to save taxpayer dollars, according to two veteran Republican budget experts.
Since Trump's inauguration on January 20, Musk has dispatched members of his Department of Government Efficiency (DOGE) to scrutinize sensitive personnel and payment information in government computer systems and led a successful drive to dismantle two agencies - one that provides a lifeline to the world's needy and another that protects Americans from unscrupulous lenders.
But Douglas Holtz-Eakin, a former Republican director of the Congressional Budget Office (CBO), said the agencies Musk and Trump have targeted to date account for a tiny fraction of the overall federal budget, which is projected to reach $7 trillion this fiscal year, according to the CBO.
Cette histoire est tirée de l'édition February 13, 2025 de Financial Express Kochi.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Financial Express Kochi
Financial Express Kochi
Automakers face an ‘EV winter’ in 2026 as sales growth slows
GROWTH IN GLOBAL sales of electric vehicles is expected to slow this year as China winds down some subsidies, Europe wavers on its phaseout of combustion engines, and US producers and policymakers make a U-turn from the segment.
2 mins
January 07, 2026
Financial Express Kochi
MFI credit going south, stressed assets shrink
CREDIT TO THE microfinance sector declined sequentially for the sixth consecutive quarter and registered a 9.3% year-on-year fall in the first half of FY26.
1 min
January 07, 2026
Financial Express Kochi
FMCG volumes may rise 5% in early 2026
· Demand uptick likely on macro boost: Worldpanel
1 min
January 07, 2026
Financial Express Kochi
SIR 2.0 draft rolls: 13% electors deleted in 9 states and 3 UTs
ATOTAL OF 65.6 million electors, or nearly 13% of the registered voters, in nine states and three Union Territories have been deleted from the draft rolls in the second round of the Election Commission’s Special Intensive Revision (SIR) of electoral rolls — an increase from the 8.3% deletions seen in the first round of SIR in Bihar last year.
2 mins
January 07, 2026
Financial Express Kochi
RBI may cap bank dividends at 75% of PAT
THE RESERVE BANK of India (RBI) on Tuesday proposed norms for dividends by banks by capping the payout to shareholders at 75% of their net profit.
1 min
January 07, 2026
Financial Express Kochi
...eyes Nexon EV turf with 3XO model
MAHINDRA ON TUESDAY launched the XUV 3XO EV, priced from ₹13.89 lakh (exshowroom), positioning it directly against the segment-leading Tata Nexon EV.
1 min
January 07, 2026
Financial Express Kochi
Senior Cong leader, sports administrator Kalmadi dies
CONGRESS VETERAN AND former Union minister Suresh Kalmadi, known for a multifaceted career that intertwined politics and sports administration, passed away in Pune on Tuesday following a prolonged illness at the age of 81, family sources said.
1 min
January 07, 2026
Financial Express Kochi
Godrej Consumer sees demand pick-up in Q3
GODREJ CONSUMER PRODUCTS said on Tuesday demand conditions improved during the third quarter, following a temporary sales disruption due to the government's sweeping tax cuts.
1 min
January 07, 2026
Financial Express Kochi
Life insurers see rise in PAT, premiums; ITC loss may lead to margin pressure
LIFE INSURERS ARE expected to report a mixed performance in the third quarter.
2 mins
January 07, 2026
Financial Express Kochi
CCI finds JSW, Tata Steel, SAIL guilty of collusion
· Probe also holds top execs liable; steel giants may face steep fines
1 mins
January 07, 2026
Listen
Translate
Change font size