Musk's Efficiency Initiative Benefits
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federal spendingMoneywise
•Business
Business & Economics
Elon Musk claims DOGE will trigger a ‘fall’ in US Treasury yields — and says ‘all Americans’ will gain from low interest on mortgages, credit cards, other debt. This is why and what to do
73% Informative
Tesla CEO Elon Musk created the Department of Government Efficiency ( DOGE ) to reduce wasteful spending and eliminate unnecessary regulations.
Musk ’s post has received 33.3 million views, 309,000 likes, and 12,000 comments.
If DOGE successfully cuts federal spending, it could theoretically lower borrowing needs and put downward pressure on Treasury yields.
As of November 2024 , the average credit card interest rate stood at a staggering 21.47% .
Experts stress the importance of paying off your credit card balance in full each month.
Credit cards remain a valuable financial tool when used responsibly.
They can help build credit, offer perks like cash back rewards and airline miles.
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