Musk Outlines Scope of Plan for DOGE Cuts, Starting With USAID

Elon Musk, who now runs the government efficiency initiative he calls DOGE, sketched out plans for aggressive cuts to US spending and regulations that include wiping out the US Agency for International Development — and suggested the bond market should thank him for it.

“We’ve just got to do wholesale spring cleaning” of US regulations, Musk said during an X Spaces session after midnight. In one of his biggest planned cuts to date, the billionaire backer of Donald Trump said his group is in the process of trying to shut down USAID, the foreign aid agency codified by Congress. ...