Sheer fantasy” is how Harvard economist Jeffrey Frankel described Elon Musk’s plan to ax $2 trillion in federal spending.

The figure provided by Musk's Department of Government Efficiency, if correct, would equate to around 2.4 percent of federal spending in 2023.

After the Nov. 5 election, President-elect Donald Trump said Elon Musk and former GOP presidential candidate Vivek Ramaswamy ...

Some GOP lawmakers want to make sure Department of Energy financing supports all energy sources. Others want to kill the loan office altogether.

The Democratic resistance is in full post-election swing, deriding President-elect Donald Trump’s Cabinet post choices and vowing to fight his policies tooth and nail once he’s sworn in – if not ...

Historically, under President Trump's previous tenure, the U.S. Virgin Islands benefited from various federal funding ...

President-elect Donald Trump has promised to expel millions of undocumented people as part of the biggest deportation program in American history. But Wall Street doesn’t believe the looming ...

During his first term, Donald Trump was an apprentice, a novice politician who had a lot to learn about the inner workings of ...

The 'Department of Government Efficiency' has ripe targets that members of both parties would support going after ...

Rivian received the loan in November from the Department of Energy, but Ramaswany claims it is a "political shot" at Elon ...

"What they have done is put a couple of point people in Congress to advance the DOGE agenda," said Mitchell Miller.

Elon Musk promises that his new Department of Government Efficiency can reveal how to cut federal spending by $2 trillion per ...