Musk and Trump's DOGE Plans: Impact on Federal Budget and S&P 500

1 min read
Source: TechCrunch
Musk and Trump's DOGE Plans: Impact on Federal Budget and S&P 500
Photo: TechCrunch
TL;DR Summary

Silicon Valley venture capitalists, including Marc Andreessen, Joe Lonsdale, and Antonio Gracias, are reportedly being considered for roles in Donald Trump's transition team, particularly in the Department of Government Efficiency (DOGE) and a potential crypto advisory council. These VCs, known for their ties to Elon Musk and investments in tech and defense, are expected to help streamline federal programs and shape U.S. crypto policy. The DOGE committee aims to recommend program cuts and reduce federal employees, while facing potential legal challenges.

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