Elon Musk’s net worth dropped by $22.2 billion on Tuesday, suggesting that the markets don’t have nearly as much confidence in Musk and Trump’s DOGE slashing and grabbing as they do. This is the fourth-largest one-day drop in net worth for the billionaire,

During President Donald Trump’s first Cabinet meeting, Elon Musk made remarks about the recent efforts by the Department of Government Efficiency to reduce the government’s deficit.

Nearly 40% of the federal contracts that President Donald Trump’s administration claims to have canceled as part of its signature cost-cutting program aren’t expected to save the government any money,

President Trump signed an executive order on Wednesday empowering DOGE to scrutinize how federal agencies spend money, the latest expansion of Elon Musk's cost cutting powers. Why it matters: Trump, who hours earlier backed Musk's email to federal employees asking them to outline what they accomplished at work last week,

As the head of President Trump’s new Department of Government Efficiency (DOGE), Tesla CEO Elon Musk has vowed to cut between $1 trillion and $2 trillion from the annual federal budget by 2026. “I think we can do at least $2 trillion,