Musk’s DOGE to Lead Trump’s Purge of Federal Regulations

President Donald Trump plans to sign an executive order undertaking a massive regulatory review in a bid to fulfill his campaign pledge of eliminating rules he says stifle businesses and innovation.

The order will require all agencies to review all regulations to ensure they align with the administration’s policies and billionaire Elon Musk’s DOGE effort, which seeks to slash federal spending and personnel, according to a White House fact sheet.

DOGE and the White House’s Office of Management and Budget will develop a regulatory agenda to rescind or scale back rules that don’t align with Trump’s vision, the fact sheet said. The order calls on agencies to not prioritize enforcement actions that “stretch statutory authority or exceed the constitutional powers of the Federal Government,” the document said.

The directive gives more power to the cost-cutting efforts overseen by Musk even as the initiative faces legal questions about its authority and scope.

Trump is also planning to sign a directive eliminating a dozen federal entities, including the Community Bank Advisory Council, Credit Union Advisory Council and the US Institute of Peace as he looks to slash government spending and programs.

The order is intended to “further decrease the size of the Federal Government to enhance accountability, reduce waste, and promote innovation,” according to a White House fact sheet. The goal is to reduce the federal bureaucracy to the “minimum level of activity,” the document said.

Other agencies and councils slated to be shuttered included the US African Development Foundation, the Presidential Management Fellows Program and the Academic Research Council, which provides information to the Consumer Financial Protection Bureau — an agency that has been targeted for recent cuts. Trump in a speech on Wednesday said he has “virtually shut down” the CFPB.

ALSO READ  Container stores are allowed to withdraw from bankruptcy through privatization transactions

The order will call for an additional list of “unnecessary government entities and advisory committees” to be submitted within 30 days to Trump for termination, the fact sheet said.

Musk’s DOGE effort has sought to shrink the US government, including by dismissing some employees and seeking to encourage others to take buyout packages. About 75,000 workers signed up for a voluntary resignation program, but that tally — which comprises about 3% of the 2.4 million civilian federal workforce — fell short of a goal White House Press Secretary Karoline Leavitt previously set at 5% to 10%, raising the prospect of mass firings.

Trump is already moving to make deeper reductions to the workforce, signing an executive order directing agency chiefs to prepare for “large-scale reductions in force.”

The president’s assault on the federal government has drawn court challenges over DOGE’s powers, and its access to sensitive data on the American public. It hasalso sparked worries about conflicts of interest involving Musk, the world’s richest person. 

A federal judge on Tuesday denied a request to temporarily block DOGE teams from accessing internal government systems and prevent them from removing employees from US agencies, handing Trump and Musk a win as they continue their efforts.

It is unclear how much DOGE’s cost-cutting work will actually save and how those potential savings will be redirected. DOGE’s own accounting has raised questions about its reliability. Trump on Wednesday suggested some savings could be returned to taxpayers or used to reduce the US deficit.

Earlier: DOGE Says It’s Saved $55 Billion; Data Show Much Less

ALSO READ  Cathay Pacific will cut employee profit expenses by about 50%

This article was generated from an automated news agency feed without modifications to text.

Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Business NewsCompaniesNewsMusk’s DOGE to Lead Trump’s Purge of Federal Regulations

MoreLess