Elon Musk says DOGE ought to look at Federal Reserve prices, Bloomberg Information stories

(Reuters) -Billionaire Elon Musk is contemplating sending his authorities effectivity workforce to the Federal Reserve, Bloomberg Information reported on Thursday, citing a pricey renovation of the central financial institution’s Washington DC headquarters for example of potential authorities waste.

U.S. President Trump has tasked the Tesla and SpaceX CEO with main efforts by way of the Division of Authorities Effectivity (DOGE) to chop authorities funding and reshape the federal forms.

Musk spoke on Wednesday at a briefing within the White Home, a number of media shops reported.

DOGE’s mandate as a complete is about to proceed to July 4, 2026. However Musk stated DOGE might now assist oversee the slashing of federal spending by way of the top of 2028, Axios reported, from the identical briefing.

(Reporting by Abinaya Vijayaraghavan, Enhancing by Louise Heavens and Alex Richardson)