A union representing federal employees and multiple watchdog groups have filed lawsuits against the Trump administration’s cost-cutting initiative, the “Department of Government Efficiency.” The American Federation of Government Employees and others argue the initiative violates the 1972 Federal Advisory Committee Act, which mandates checks on conflicts of interest, transparency, and balanced representation. Tesla CEO Elon Musk's financial support for Trump's campaign and his companies' reliance on federal contracts have raised concerns about potential bias in DOGE's operations favoring his business interests.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Union representing federal employees and multiple watchdog groups have filed lawsuits against the
00:07Trump administration's cost-cutting initiative, the Department of Government Efficiency.
00:11The American Federation of Government Employees and others argue that the initiative violates
00:17the 1972 Federal Advisory Committee Act, which mandates checks on conflicts of interest,
00:22transparency, and balance representation.
00:25Tesla CEO Elon Musk's financial support for Trump's campaign and his company's reliance
00:30on federal contracts have raised concerns about potential bias in Doge's operations,
00:35favoring his business interests.
00:37For all things money, visit Benzinga.com slash GSTV.