tradingkey.logo

White House eyes cuts to agency budgets of between 30% and 40%, Washington Post reports

ReutersFeb 13, 2025 12:26 AM

- White House officials are eyeing cuts to agency budgets of between 30% and 40% on average across the government, centered on significant staff reductions, the Washington Post reported on Wednesday, citing sources.

The newspaper added that billionaire Elon Musk's team has initiated sweeping layoffs of federal employees.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI