Labor secretary unveils unprecedented plan to slash 63 'outdated and burdensome' rules
The Department of Labor has proposed 63 deregulatory actions, building on previous Trump administration measures, including scrapping 10 rules for every new one.
Sans Musk, DOGE saves millions by nixing 312 more contracts, including one for an advisor at USAID Madagascar
The Department of Government Efficiency X account announced 312 recent contract cancellations resulting in a whopping $470 million in savings.
'America's Checkbook' would open the ledger on federal expenditures from pencils to the Pentagon
GOP lawmakers introduce the LEDGER Act to create 'America's Checkbook,' requiring tracking of federal spending after $4.7 trillion in uncoded Treasury disbursements
Powell to be pressed on Fed spending, agency’s politicization
Jerome Powell returns to Capitol Hill where Republicans plan to challenge the Fed's $2.5 billion headquarters renovation featuring marble and rooftop gardens amid inflation concerns.
Trump reveals the 'surprising' moment his friendship with Musk began to unravel
Former confidants Donald Trump and Elon Musk's relationship deteriorated after Musk's departure from the Department of Government Efficiency and criticism of Trump's tax bill.
DOGE hails $263M savings from nixed contracts, including FM in Zambia and executive coaching
The Department of Government Efficiency X account announced millions of dollars in savings tied to the cancellation of "111 wasteful contracts."
Joann, Macy's, other store closures part of a 274% spike in retail layoffs in 2025
Job cuts surge 80% in first five months of 2025 with federal funding cuts and retail store closures from companies like JCPenney, Macy's and Joann driving the trend.
Investor nightmare: How the Trump-Musk fallout is crushing Tesla stock
The intensifying feud between Elon Musk and President Donald Trump sent Tesla's stock plunging as investors worried about a tougher regulatory environment for the company.
US layoffs spike nearly 50% as DOGE-driven cuts take center stage
Layoffs increased by nearly 50% in May compared with last year, as DOGE was cited as the leading cause of 284,044 job cuts in 2025 so far, representing about 40% of cuts.
Elon Musk's return drives Tesla stock surge in May
Tesla's stock just wrapped its best month since November 2024, as investors embrace Elon Musk's return to the EV maker after rocky DOGE stint.
These are the biggest moves Elon Musk made while running DOGE
As Elon Musk the White House and ends his time leading DOGE, there are several moments and major moves that will go down in U.S. history.
Trump praises Musk's DOGE work as billionaire transitions after $175B in savings
President Trump praises Elon Musk for his role in the Department of Government Efficiency, highlighting $175 billion in savings and Musk's continued advisory role.
Elon Musk pledges return to '24/7' work at his firms after widespread X outage
Elon Musk said Saturday that he plans to focus on critical tech at X, Tesla and SpaceX, while scaling back his role with DOGE.
Musk says he will remain Tesla CEO in coming years
Billionaire Elon Musk said in an interview that he plans to remain as the leader of Tesla for the next five years amid his involvement with DOGE and other business ventures.
Government agency slashes more consultant contracts it says will save taxpayers billions
The General Services Administration is taking a longer-term approach with its government overhaul and is looking to cap certain indirect spending.
Top 5 DOGE disruptors challenging Elon Musk's crusade against government bloat
As President Donald Trump celebrated his 100th day in office last week, Elon Musk's Department of Government Efficiency announced it had cut $160 billion in waste, fraud and abuse in the federal government.
DOGE should 'definitely' look at Federal Reserve costs, Elon Musk says
Billionaire Elon Musk said the Department of Government Efficiency needs to examine the Federal Reserve's spending amid its cost-cutting push across the federal government.
Tesla earnings fall short; Elon Musk says DOGE time will 'drop significantly'
Tesla generated $13.97 billion in automotive revenue in the first three months of 2025, marking a drop of nearly 20% from the same quarter last year.
Trump's tariffs projected to increase unemployment, but escape mass layoffs: Allianz
Allianz economists are forecasting that the unemployment will rise to 5% by early 2026, though mass layoffs aren't expected as inflation raises consumer prices due to Trump's tariffs.
Federal judge temporarily blocks mass firings at Consumer Financial Protection Bureau
A federal judge temporarily halted the mass firings of nearly 1,500 workers at the CFPB on Friday following notices they received on Thursday advising them of their dismissals