DOGE must cut jobs with 'the machete approach': Sen. Lummis

The Department of Government Efficiency (DOGE), headed by Tesla (TSLA) CEO and tech billionaire Elon Musk, has implemented important national workforce reductions crossed aggregate agencies and programs to alteration authorities spending.

From the Bitcoin Investor Week conference, Senator Cynthia Lummis (R-WY) shares her position connected these developments successful a speech with Yahoo Finance host Julie Hyman.

Lummis expresses assurance successful the DOGE-led cuts, stating she's "not worried" astir the reductions and explains that the "work of DOGE is to ferret retired waste, fraud, and abuse." The legislator characterized the department's advancement arsenic "impressive."

According to Senator Lummis, those astir affected by these cuts volition chiefly beryllium wrong the bureaucratic sectors of government. She notes that owed to national contracts that typically support national employees from specified reductions, "the lone mode to trim employees is the machete approach."

Also drawback Yahoo Finance enforcement exertion Brian Sozzi's interrogation with Anthony Pompliano, Mike Cagney, and Anthony Scaramucci astatine the Bitcoin Investor Week conference.

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This station was written by Angel Smith