ChainCatcher news, according to Jinshi reports, the elected President Trump stated that he may veto budgets or appropriations that do not comply with the newly established Department of Government Efficiency (DOGE).

ChainCatcher news, Trump recently announced the appointment of William Joseph McGinley as a committee advisor in the Department of Government Efficiency (DOGE). The department heads, Elon Musk and Vivek Ramaswamy, have begun sharing details about DOGE's work, promising to equip the committee with "a capable team of small government reformers."DOGE informed interested parties on its X account to attach their resumes in private messages. Reports indicate that several Silicon Valley leaders, including investor Marc Andreessen and Uber co-founder Travis Kalanick, are involved in planning for the committee. DOGE's co-leaders stated that they aim to cut $2 trillion from the federal budget. In 2024, total federal spending is projected to be $6.75 trillion, with nine-tenths allocated to federal programs.The two explained how DOGE operates in a recent Wall Street Journal op-ed. They stated that they would rely on two Supreme Court rulings to assist Trump in rolling back regulations. However, legal experts told CNN that the two misunderstood the Supreme Court cases, and some of the committee's work may face legal challenges.

ChainCatcher news, according to the Financial Times, venture capital firm a16z founder Marc Andreessen will assist Musk in recruiting employees for the "Department of Government Efficiency" (DOGE).It is reported that although Andreessen has no formal position, he plays a key role in the selection and recommendation of senior talent. Andreessen has previously invested hundreds of millions of dollars in Musk's projects such as xAI and SpaceX, and supported his $44 billion acquisition of the X platform.

ChainCatcher news, according to the New York Post, U.S. Senator Bernie Sanders publicly expressed support for the Department of Government Efficiency (DOGE) proposed by Trump. He stated on X: "Musk is right. The Pentagon's budget is $886 billion, yet it has failed its audit for the 7th consecutive time. It can no longer keep track of how many billions of dollars it has."He added: "Last year, only 13 senators voted against the military-industrial complex and the defense budget filled with waste and fraud. This situation must change."

ChainCatcher news, Musk claims that the Department of Efficiency of the U.S. Government (DOGE) will audit the Internal Revenue Service (IRS). (Jin Shi)

ChainCatcher news, former U.S. Congressman Ron Paul may join the Department of Government Efficiency (DOGE) and has been invited to contribute. Paul recently shared on X that Musk had sought his advice on the Department of Government Efficiency: "Elon Musk asked me to provide suggestions for the newly established Department of Government Efficiency. I am happy to help."

ChainCatcher News, the leader of the U.S. government's Efficiency Department, DOGE, Vivek Ramaswamy, posted on social platform X: "The Treasury maintains a 'Do Not Pay (DNP) list' that requires agencies to check it before disbursing funds. The DNP screens for deceased individuals, those in default on federal debts, and excluded contractors.But that's not how it actually works: for example, the Small Business Administration issued over 100,000 forgivable loans to individuals on the DNP list, resulting in $5.3 billion being paid to beneficiaries who may not have been eligible for federal support. The SBA's Inspector General recognized this and recommended that the agency stop this practice, but the current leadership of the agency rejected the proposal. This blatant waste must stop. It's time for DOGE to take action."In response, Musk stated, "The scale and boldness of government fraud is shocking."

ChainCatcher news, according to Fox Business citing informed sources, the Department of Government Efficiency (DOGE) led by Musk may develop a mobile application for tax filing, allowing taxpayers to submit their tax returns for free. The plan is currently in its preliminary stages.DOGE is considering how to make it easier for Americans to pay their taxes each year, as part of a broader set of measures expected to thoroughly review federal programs to save costs and improve efficiency by streamlining programs and eliminating redundancies.

ChainCatcher news, Musk responded this morning on X to UFC fighter Jim Miller's public support for Peanut, in which he posted a squirrel emoji (Peanut) and mentioned the Department of Efficiency of the U.S. Government (DOGE).

ChainCatcher news, Coinbase CEO Brian Armstrong stated that the Department of Government Efficiency (DOGE) is a once-in-a-lifetime opportunity to increase economic freedom in the United States and reduce the size of government to restore its health. The Founding Fathers were geniuses, but they may have (humbly) overlooked the adverse incentives of the expanding size of democratic government over time (winning elections by promising more free things).To prove this in the future, it may be necessary to limit total government spending through a constitutional amendment (say, 10%), or to adopt a coordinated incentive approach (Buffett once suggested that an unbalanced budget would make all Congress members who voted for that budget lose their re-election). Ideally, there should be a way to temporarily control spending (such as during wartime), but still have appropriate incentives to prevent long-term spending from spiraling out of control. One example is a U.S. sovereign wealth fund, where every citizen has a share (people might be able to purchase more as needed), and any budget surplus would pay dividends. This way, every citizen has a stake. Perhaps Congress would receive a slightly larger share.

ChainCatcher message, the Department of Government Efficiency (DOGE) posted on X: "Thank you very much to the thousands of Americans expressing interest in DOGE, but we do not need more part-time 'idea' providers. What we need are ultra-high IQ, small government ideology supporters who are willing to work over 80 hours a week as cost-cutting 'revolutionaries.' If you meet the criteria, please DM this account and attach your resume. Elon and Vivek will personally review the top 1% of applicants."

ChainCatcher message, Vivek Ramaswamy, who co-leads the Department of Government Efficiency (DOGE) with Musk, stated that July 4, 2026, marks the 250th anniversary of the founding of the United States. DOGE will deliver a birthday gift to our nation: a truly accountable government to the people.Musk retweeted his post and replied, "Yes."

ChainCatcher news, Musk commented on the New York Post's report about the Department of Government Efficiency (DOGE), saying, "The Department of Government Efficiency (DOGE) seems to have a lot of opportunities."DogeDesigner, the UI designer for Dogecoin, commented, "It's time to change the country through DOGE." Musk replied, "Yes."According to reports, the New York Post indicated in its report about the Department of Government Efficiency (DOGE) that from transgender monkeys to DEI and checks sent to deceased individuals, these are areas where the Department of Government Efficiency (DOGE) could start cutting expenses.

ChainCatcher news, Musk releases the logo for the Department of Government Efficiency (DOGE), featuring the Shiba Inu image along with the words "Department of Government Efficiency." He also posted, "Making Government Fun Again!"

ChainCatcher message, Musk responded on X to "about to lead the Department of Efficiency": The Department of Efficiency is not a threat to democracy, but a threat to bureaucracy.

ChainCatcher news, Trump campaign advisor Alex Bruesewitz stated on X that Trump announced Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency (abbreviated as DOGE).

ChainCatcher news, according to Coindesk, Musk proposed the "Department of Government Efficiency." The Department of Government Efficiency aligns with the abbreviation of DOGE.DOGE price rose by 10%, and open interest in DOGE futures surged by $120 million.

ChainCatcher message, Elon Musk posted a tweet on X featuring an image with the word "DOGE" at the top, captioned "Department of Government Efficiency" (D.O.G.E).Previously, Trump stated that if he wins the election in November, he will establish a government efficiency committee led by Musk. Musk expressed on social media, "If given the opportunity, I look forward to serving America. No compensation, no title, no recognition needed."