BusinessPostCorner.com
No Result
View All Result
Sunday, July 6, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

DOGE: Ramaswamy sees massive cuts for government contractors

November 17, 2024
in Business
Reading Time: 1 min read
A A
0
DOGE: Ramaswamy sees massive cuts for government contractors
ShareShareShareShareShare

Federal contractors should expect “massive cuts” in what they can charge once President-elect Donald Trump’s government efficiency drive is underway, according to entrepreneur Vivek Ramaswamy, who will co-lead the initiative with billionaire Elon Musk.

“There is massive waste, fraud and abuse right now,” Ramaswamy said on Fox News’ Sunday Morning Futures. “Federal contractors are really exploiting the federal government.”

Trump said last week that the new panel — known as the Department of Government Efficiency — would work with the White House’s Office of Management and Budget to dismantle bureaucracy, slash regulations, cut wasteful spending and restructure federal agencies.

“We expect certain agencies to be deleted outright,” Ramaswamy said. “We expect mass reduction in force in areas of the federal government that are bloated. We expect massive cuts among federal contractors and others who are overbilling the federal government.”

Ramaswamy didn’t single out any contractors, and isn’t clear yet how the efficiency drive will be structured.

If Musk and Ramaswamy are put on a federal advisory committee, they’d be subject to ethics laws requiring them to recuse themselves from discussions and decisions affecting them personally. SpaceX, Musk’s rocket company, has more than $15 billion in federal contracts.

How many degrees of separation are you from the globe’s most powerful business leaders? Explore who made our brand-new list of the 100 Most Powerful People in Business. Plus, learn about the metrics we used to make it.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Proposal for more logging could boost timber harvests 200%

Next Post

Major lenders reject homes with spray foam insulation

Next Post
Major lenders reject homes with spray foam insulation

Major lenders reject homes with spray foam insulation

Waffle House takes its egg surcharge off the menu

Waffle House takes its egg surcharge off the menu

July 2, 2025
Crying at work – career damaging or just human?

Crying at work – career damaging or just human?

July 4, 2025
How Privy’s former CMO learned to love low-budget, scrappy marketing

How Privy’s former CMO learned to love low-budget, scrappy marketing

June 30, 2025
ChatGPT’s 42-Signal TRX Analysis Flags Corporate Treasury Milestone

ChatGPT’s 42-Signal TRX Analysis Flags Corporate Treasury Milestone

July 4, 2025
US threatens tariffs ‘boomerang’ next month if no deals are struck

US threatens tariffs ‘boomerang’ next month if no deals are struck

July 6, 2025
Solana Price Prediction – First-Ever US Staking ETF Goes Live Wednesday: Is This the Catalyst for 0 SOL?

Solana Price Prediction – First-Ever US Staking ETF Goes Live Wednesday: Is This the Catalyst for $500 SOL?

July 1, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Death toll in Texas flash floods nears 70 as sheriff says 11 campers remain missing

Death toll in Texas flash floods nears 70 as sheriff says 11 campers remain missing

July 6, 2025
US threatens tariffs ‘boomerang’ next month if no deals are struck

US threatens tariffs ‘boomerang’ next month if no deals are struck

July 6, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!