Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Market signal from Bitcoin shows the S&P 500 will surge massively in the short term

12/05/2025

Su Zhu-Linked Ox.fun Faces Backlash Over Sudden Doubling of OX Token Supply

12/05/2025

Is RLUSD Replacing XRP for Good? Brad Garlinghouse Clarifies

12/05/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bitcoin Price Hits $104,000 As Demand Increases  

    12/05/2025

    Bitcoin (BTC) Sees $23 Billion Demand: Supply Shock Incoming?

    12/05/2025

    U.S. Vice President JD Vance To Speak At Bitcoin 2025 Conference

    12/05/2025

    Goldman Sachs doubles down on BlackRock’s Bitcoin ETF, boosting holdings to $1.4B in Q1 2025

    12/05/2025

    The Unstoppable Rise of ETH Continues

    12/05/2025

    Says Ethereum Will Surpass Bitcoin

    12/05/2025

    “In a Scenario Where Bitcoin Reaches $300,000, ETH…”

    12/05/2025

    Can ETH Sustain Momentum After 40% Weekly Rally?

    12/05/2025

    Su Zhu-Linked Ox.fun Faces Backlash Over Sudden Doubling of OX Token Supply

    12/05/2025

    Is RLUSD Replacing XRP for Good? Brad Garlinghouse Clarifies

    12/05/2025

    TWIN Foundation Launched

    12/05/2025

    Unified Brand, Renewed Leadership, and a Clearer Path Forward

    12/05/2025

    NFT sales rise 10.6% to $115m, Doodles rally 500%

    12/05/2025

    Drink-to-earn? A new sparkling water comes with an NFT and points

    08/05/2025

    Cobie says UpOnly will return if someone buys this $20M NFT

    08/05/2025

    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    08/05/2025

    Market signal from Bitcoin shows the S&P 500 will surge massively in the short term

    12/05/2025

    Su Zhu-Linked Ox.fun Faces Backlash Over Sudden Doubling of OX Token Supply

    12/05/2025

    Is RLUSD Replacing XRP for Good? Brad Garlinghouse Clarifies

    12/05/2025

    Bitcoin Price Hits $104,000 As Demand Increases  

    12/05/2025
  • Blockchain

    Atlaspad and AriChain Unite to Boost User-Friendly and Scalable Web3 Adoption

    12/05/2025

    R2 Testnet Hits 10M Transactions With 200K+ Users in Weeks

    11/05/2025

    Why Wall Street Won’t Embrace Crypto Without Zero-Knowledge Privacy

    11/05/2025

    MIRO Announces Strategic Partnership with ENIAC Network to Revolutionize Enterprise Web3 Apps

    11/05/2025

    Ripple CTO Predicts Major Shift With ZK Proofs: Details

    10/05/2025
  • DeFi

    Top 10 DeFi Projects Based on Total Value Locked

    12/05/2025

    Bitcoin DeFi Security Improves as Rootstock Boosts Hashrate Share

    12/05/2025

    This Altcoin’s Developers Announced They Are Shutting Down the Project Due to Lack of Funding

    11/05/2025

    Oxbow Lifts Deposit Limits on Privacy Pools, Opens Doors to Institutional Users

    10/05/2025

    What is StakeStone? The Latest Partner to Trump’s World Liberty Financial

    10/05/2025
  • Metaverse

    Bitgert Partners DigiGoal to Launch ZK-Powered Sports Metaverse

    04/05/2025

    HAPE Social Partners with Decentraland to Bring Virtual Fashion at Metaverse Fashion Week

    06/04/2025

    Napster Snapped Up for $207 Million to Build Music Metaverse

    25/03/2025

    Shiba Inu Enhances SHIB Metaverse with In-Game Fishing Economy

    13/03/2025

    The Metaverse In-game Economy with Its Latest Fishing Game

    11/03/2025
  • Regulation

    Market signal from Bitcoin shows the S&P 500 will surge massively in the short term

    12/05/2025

    Germany’s KfW invests $11 million in digital bonds

    12/05/2025

    Trade Deal Secured Between the US and China in Geneva

    12/05/2025

    US Futures Rise, Crypto Retreats as White House Signals Progress in China Talks

    12/05/2025

    US White House Economic Advisor Provides Latest Update on Tariff Talks with China

    11/05/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    RedotPay Expands into South Korea with Crypto-Backed Payment Cards!

    11/05/2025

    Whale Bets $13M on Short Positions

    11/05/2025

    Visa backs stablecoin infra provider BVNK in strategic bet on stablecoin payments

    10/05/2025

    Plume Network Expands Multichain Reach with Hyperliquid Integration

    10/05/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Square Enix and Sony, Adidas on Sui, Coinbase Sponsors ‘League’ Esports

    12/05/2025

    Exciting Pudgy Penguins Game ‘Pengu Clash’ Launches on TON Blockchain

    10/05/2025

    Square Enix Is Bringing Its NFT Game to Sony’s Ethereum Network

    10/05/2025

    Soneium partners with Square Enix’s SYMBIOGENESIS to provide cross-game NFT rewards

    08/05/2025

    Mining Malaise, Coinbase Miss and Hey, Who’s the New Kid?

    10/05/2025

    Bitcoin Miner MARA Stock Surges Despite Earnings Miss as Analysts Applaud Cost Cutting

    10/05/2025

    Bitcoin’s Hashrate Hits New Peak as Miners Ride Price Wave

    09/05/2025

    MARA Reports $214M in Q1 Revenue, Grows Bitcoin Holdings to 47,531 BTC

    09/05/2025

    SEC Chair to Speak About Cryptocurrencies – Here Are the Time and Details

    12/05/2025

    Man Allegedly Drains $3,000,000 From Bank Using Fraudulent Identities, Friends, Family and an Insider

    12/05/2025

    Is Ripple Settling $50 Million SEC Fine in XRP?

    12/05/2025

    Ripple Stresses Political Engagement as Key to Crypto Progress

    11/05/2025

    Market signal from Bitcoin shows the S&P 500 will surge massively in the short term

    12/05/2025

    Su Zhu-Linked Ox.fun Faces Backlash Over Sudden Doubling of OX Token Supply

    12/05/2025

    Is RLUSD Replacing XRP for Good? Brad Garlinghouse Clarifies

    12/05/2025

    Bitcoin Price Hits $104,000 As Demand Increases  

    12/05/2025
  • MarketCap
NBTC News
Home»Legal»Elon Musk’s D.O.G.E gets nod of approval from Biden allies
Legal

Elon Musk’s D.O.G.E gets nod of approval from Biden allies

NBTCBy NBTC31/12/2024No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Elon Musk’s radical plan to slash $2 trillion from U.S. federal spending through the Department of Government Efficiency (D.O.G.E.) continues creating chaos on Capitol Hill. What’s surprising now is Biden’s allies are throwing their weight behind parts of the billionaire’s cost-cutting agenda.

Elon’s crusade, part of Donald Trump’s government overhaul, has brought in unlikely alliances, heated debates, and a flurry of activity in Washington. Senator Bernie Sanders, known for his war on defense contractors, shocked his own party by backing Elon’s focus on slashing Pentagon waste.

“The Pentagon, with its $886 billion budget, just failed its seventh audit. Billions are unaccounted for,” Sanders said, calling the system corrupt.

Representative Ro Khanna, a Silicon Valley Democrat, declared, “Defense contractors have been fleecing the American people for far too long.”

Biden allies embrace the D.O.G.E revolution

D.O.G.E, co-led with fellow billionaire Vivek Ramaswamy, has gained real traction among Democrats. Florida Representative Jared Moskowitz became the first Democrat to join the D.O.G.E caucus, a group dedicated to Elon’s government efficiency goals.

Ohio Democrat Greg Landsman joined soon after, saying, “You wanna be in the room where it happens.” The inaugural D.O.G.E caucus meeting in December saw an unexpected mix of attendees, including Democrats Steven Horsford of Nevada and Val Hoyle of Oregon.

Horsford made his stance clear: “You can’t have a seat at the table if you’re not in the room.” Hoyle, meanwhile, dismissed any notion that efficiency is a partisan issue. “If you think there aren’t ways to make government more efficient, you’re not living in the real world,” she said.

The support doesn’t mean Elon has free rein. Khanna has drawn clear lines in the sand, vowing to oppose cuts to programs like Medicare, veterans’ benefits, and the Environmental Protection Agency. Hoyle echoed similar sentiments, supporting moves to lower drug prices but opposing cuts to essential services like Social Security, the postal service, and the FAA.

Elon’s Pentagon plans draw fire

However, Elon’s critics think that his vision is too extreme to succeed without harming critical services. Public policy professor Don Moynihan spelled out the math: “You can’t cut $2 trillion without hitting popular programs like Social Security and veterans’ benefits. They make up two-thirds of the budget.”

Moynihan warned that achieving Elon’s ambitious goals would require “draconian cuts” across the board, from defense to social safety nets.

Despite this, Elon’s plan to tackle defense spending has drawn specific praise. His focus on the Pentagon—historically a black hole for taxpayer dollars—aligns with long-standing Democratic concerns about military waste.

Sanders pointed to the failure of only 13 senators to oppose what he called “a defense budget full of fraud.” But while Elon and his Democratic allies seem united on defense cuts, the broader plan for a $2 trillion reduction raises significant doubts.

Elon comes after the Federal Reserve

Elon is also very unhappy with the Federal Reserve. He blasted the institution as “absurdly overstaffed,” citing its 24,000 employees across 12 regional banks. His comments came after the Fed announced its hawkish rate cut, leaving markets rattled and drawing Trump’s ire.

“We’re trimming the fat,” the president has said, standing firmly behind Elon’s cost-cutting agenda. “No one gets to sit around collecting a paycheck for doing nothing — not even Jerome Powell.”

Florida’s Moskowitz criticized the Department of Homeland Security, calling it “too big.” Elon’s proposal to shut down certain agencies and fire thousands of civil servants has drawn sharp reactions from the left.

Yet, figures like Fetterman have praised his efforts, with the Pennsylvania senator calling Elon’s economic contributions undeniable. Even as the debate rages, Elon’s influence in Washington continues to grow.

The fact remains: cutting $2 trillion without affecting core programs like Medicare and Social Security is quite literally a Herculean task.

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

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

SEC Chair to Speak About Cryptocurrencies – Here Are the Time and Details

12/05/2025

Man Allegedly Drains $3,000,000 From Bank Using Fraudulent Identities, Friends, Family and an Insider

12/05/2025

Is Ripple Settling $50 Million SEC Fine in XRP?

12/05/2025

Ripple Stresses Political Engagement as Key to Crypto Progress

11/05/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Market signal from Bitcoin shows the S&P 500 will surge massively in the short term

12/05/2025

Su Zhu-Linked Ox.fun Faces Backlash Over Sudden Doubling of OX Token Supply

12/05/2025

Is RLUSD Replacing XRP for Good? Brad Garlinghouse Clarifies

12/05/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.