White House eyes cuts to agency budgets of between 30% and 40%, Washington Post reports

WASHINGTON (Reuters) – White House officials are eyeing cuts to agency budgets of between 30% and 40% on average across the government, centered on significant staff reductions, the Washington Post reported on Wednesday, citing sources.

The newspaper added that billionaire Elon Musk’s team has initiated sweeping layoffs of federal employees.

(Reporting by Kanishka Singh in Washington; Editing by Sandra Maler)

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