#USHouseMarketStructureDraft #

DOGE Cuts Impact Federal Workers

News of Turner’s promotion coincides with the Department of Government Efficiency (DOGE)’s major layoffs of federal workers in a bid to reduce government spending and streamline operations.

According to CBS News, the IRS has lost more than 33% of its tax auditors in just two months, though up to 40% of its workforce could be cut this year.

Spearheaded by Tesla founder Elon Musk, the initiative has drawn widespread public backlash, with several of the electric vehicle maker’s dealerships, vehicles, and charging stations attacked in recent months.

Tesla reported a startling Q1 2025 result in March, with its net profits plunging by more than 71%.

“My Tesla stock, and the stock of everyone who owns Tesla, has roughly halved,” Musk said at a Wisconsin town hall in March hosted by his crypto-friendly America PAC. “I mean, it’s a big deal.”