President Trump suggested returning 20% of Elon Musk’s Department of Government Efficiency savings to American citizens and using another 20% to pay down federal debt. The proposal, inspired by Musk, aims to incentivize waste reporting. Details on the plan’s implementation and the remaining 60% of savings are unclear. Despite claims of billions saved by DOGE, some figures have not been verified, with Musk acknowledging potential mistakes in their work.
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U.S. and EU scramble to strike a trade deal ahead of Aug. 1 deadline
The Trump administration and the EU are racing to finalize a trade deal before the August 1 deadline, with potential tariffs threatening to increase costs for consumers and businesses. Recent agreements with other trading partners, like Japan, suggest a framework for negotiations, while the EU could agree to a 15% tariff, which would still raise prices despite being lower than previous threats. Want More Context? 🔎
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