With the election now behind us, attention turns to Trump’s campaign promises, especially the pledge to reduce the size of government. One of his newly appointed advisors, Elon Musk, has proposed the ambitious goal of cutting at least $2 trillion from the federal budget, aiming to bring greater efficiency to government operations. While Musk’s track record of innovation and cost cutting suggests he might be up to the challenge, reducing nearly a third of federal spending will neither be easy or universally popular. In this edition of “Three on Thursday”, we take a broad look at federal spending.
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