How Elon Musk's US government efficiency panel might work

President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to head a new panel aimed at streamlining the U.S. government. The panel’s goal is to cut federal spending by at least $2 trillion, focusing on discretionary spending. While Musk has a background in cost-cutting at SpaceX and Twitter, experts warn achieving such cuts may prove difficult.