US Treasury Secretary Scott Bessent says Elon Musk’s D.O.G.E is highly needed

Scott Bessent walked into his Senate confirmation hearing today with one clear goal: to champion the radical changes coming to Washington. The billionaire investor and Donald Trump’s pick for Treasury Secretary didn’t waste time defending Elon Musk’s Department of Government Efficiency (D.O.G.E).

Scott declared the department “absolutely essential” to the administration’s economic policies. The department, co-led by Elon and biotech entrepreneur Vivek Ramaswamy, is tasked with an impossible-sounding job: cut a third of the federal budget while keeping key programs like Social Security intact.

Elon’s D.O.G.E plans to rewrite Washington’s rulebook

Elon Musk’s D.O.G.E was born out of an October 2024 rally when Trump announced the initiative as a centerpiece of his second-term agenda. Standing beside Trump, the eccentric billionaire confidently pledged to reduce the federal budget from $6.5 trillion to $4.5 trillion.

“We’ll simplify, streamline, and save,” Elon said at the time, drawing cheers from the crowd. The plan includes wiping out departments like the IRS and the Department of Education. These cuts, Elon argues, would free up resources and pave the way for a leaner government. But critics aren’t convinced.

“There’s no way you cut $2 trillion without touching mandatory programs like Medicare,” said one unnamed policy expert. And that’s where things get sticky. Nearly three-quarters of the federal budget is locked into mandatory spending.

With Trump promising not to touch those programs, D.O.G.E has only $1.7 trillion in discretionary spending to work with. Even Elon admits it’s a tough road ahead.

Conflict of interest? Critics eye Elon’s government ties

While Elon’s ideas are big, his business ties are even bigger. SpaceX alone holds over $15 billion in federal contracts, and Tesla isn’t far behind. Critics are already crying foul, accusing Elon of using D.O.G.E to benefit his own empire.

“How do you audit the government when you’re one of its biggest contractors?” asked one skeptical senator during the hearing.

Scott brushed off these concerns. “Elon’s track record speaks for itself,” he told the committee, sidestepping questions about potential conflicts of interest. Scott framed Elon as the ultimate problem-solver, someone who thrives on disruption. But not everyone in Washington is buying it.

There’s also the issue of authority—or lack of it. D.O.G.E is set up as an advisory body, meaning it has no regulatory power. Its members will fan out across federal agencies to conduct audits and recommend cuts, but nothing they propose is binding. The success of their work depends entirely on Trump’s ability to push it through Congress.

And Congress? Let’s just say they’re not all on board. Political experts predict a fierce battle as lawmakers dig in to protect their districts and pet projects. Without bipartisan support, D.O.G.E could end up as nothing more than a symbolic effort.

Now, Elon and his team have set an ambitious deadline for their work. By July 4, 2026, they plan to complete a full review of federal agencies and propose sweeping reforms.

Yet Scott remains optimistic. He pointed to the department’s deployment plan, which places teams inside agencies to identify inefficiencies. Details of this plan surfaced just yesterday, raising eyebrows across Washington. The idea of outsiders evaluating federal workers hasn’t gone down well with career civil servants, who see it as a direct threat to their jobs.

Adding to the skepticism is Elon’s lack of experience with government operations. While he’s a genius in the private sector, critics say running Tesla and SpaceX is nothing like managing the federal budget. Public policy expert Donald Moynihan described Elon’s approach as “oversimplified,” focusing more on cost-cutting than understanding government complexities.

Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap