Connect with us

Hi, what are you looking for?

Daily Market SolutionDaily Market Solution

Investing

Ramaswamy to depart from DOGE to pursue Ohio governor bid- Politico

Investing.com– Vivek Ramaswamy, who is President-elect Donald Trump’s nominee to co-lead the Department of Government Efficiency with Elon Musk, may leave the group before his tenure even begins, Politico reported on Sunday.

Ramaswamy plans to announce a campaign for Ohio Governor and could leave DOGE by as soon as the end of January, Politico reported, citing a person close to the matter.

Ramaswamy, who had also briefly campaigned for the Presidency, was passed over by Ohio Governor Mike DeWine to replace Vice President-elect JD Vance in the Senate on Friday, with Lieutenant Governor Jon Husted being picked for the role. 

Ramaswamy’s exit further complicates the prospect of DOGE’s success, which has set the ambitious goal of cutting government spending by $2 trillion by July 2026. Musk had also recently downplayed this goal, stating that $1 trillion in spending cuts appeared much more feasible.

While the agency has reportedly begun planning its agenda, doubts still persist over just how much sway it will hold in the government, given that the final decision for cutting fiscal spending still falls to Congress.

While Trump is expected to sign executive orders giving the group some authority, its actual regulatory outreach still remains unclear. 

Ramaswamy could not be immediately reached for comment.

This post appeared first on investing.com







    You May Also Like

    Editor's Pick

    Extremist supporters of former president Donald Trump are lashing out online against Usha Vance, the wife of Trump’s running mate, Sen. J.D. Vance (R-Ohio),...

    Investing

    Australia is home to a thriving tech sector with investment opportunities across a variety of subsectors. The tech sector contributed about AU$167 billion to...

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Investing

    Overview Energy Fuels (TSX:EFR,NYSE:UUUU) has been the largest producer of uranium in the United States and an emerging producer of rare earth elements (REEs)....

    Disclaimer: Dailymarketsolution.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 dailymarketsolution.com