00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. President Donald Trump's Department of Government efficiency has effectively ended
00:05eight months before its mandate, according to CNBC. Office of Personnel Management Director
00:10Scott Coupor said Doge doesn't exist as a centralized entity, and OPM has absorbed many
00:15of its functions. Doge launched in January to shrink federal agencies and redirect their work
00:20to Trump's priorities, but its claims of cutting tens of billions in spending were never publicly
00:25verified. Government-wide hiring freeze tied to Doge is also over, where Doge staff and
00:29move into key administration roles, including Joe Gebbia's design studio, which has launched
00:34new federal websites, and others who now will see positions at HHS, the Office of Naval Research,
00:40and the State Department. The administration is continuing its push to cut regulation.
00:44For all things money, visit Benzinga.com.
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