As part of the next U.S. administration, Elon Musk and entrepreneur Vivek Ramaswamy will try to reduce the federal deficit. They will lead the new Department of Government Efficiency (DOGE). President-elect Donald Trump is on board with the idea, as are most Republicans. And now some independents and Democrats are getting behind it. Musk has blamed inflation on government spending and says the only way to tame it is to reduce the deficit.
Former chief economist at the Office of Management and Budget (OMB) Vance Ginn joined NTD to discuss. The DOGE will report to the OMB with cost-cutting ideas. Ginn is currently the president of Ginn Economic Consulting.