Ramaswamy Sees ‘Massive Cuts’ for Contractors in Efficiency Push

Federal contractors should expect “massive cuts” in what they can charge once President-elect Donald Trump’s government efficiency drive is underway, according to entrepreneur Vivek Ramaswamy, who will co-lead the initiative with billionaire Elon Musk.

“There is massive waste, fraud and abuse right now,” Ramaswamy said on Fox News’ Sunday Morning Futures. “Federal contractors are really exploiting the federal government.”

Vivek Ramaswamy

Hannah Beier/Bloomberg

Trump said last week that the new panel — known as the Department of Government Efficiency — would work with the White House’s Office of Management and Budget to dismantle bureaucracy, slash regulations, cut wasteful spending ...