Summary: The Trump administration is continuing with its efforts to shrink the size of the government, and the SEC has not been spared. Will Elon Musk’s Department of Government Efficiency strike the PCAOB next?
In the past several weeks, the Department of Government Efficiency (DOGE) spearheaded by billionaire Elon Musk has streamlined U.S. government departments and regulatory agencies, and a second round of mass firings and budget cuts will occur in the coming days and weeks as federal agencies faced a March 13, 2025, deadline to submit large-scale downsizing plans.
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