NASA Makes Huge Cuts in Just One Week

The National Aeronautics and Space Administration (NASA) has reduced its spending by $420 million within a week. This was reported by the Office of Management and Budget, led by American entrepreneur Elon Musk.

"Good work at NASA this week. We have eliminated their unused procurement cards (about 80%) and terminated nearly $420 million in excess contracts, including corporate governance change support contracts worth $45 million with three different consultants," the office stated.

The Office of Management and Budget, established by U.S. President Donald Trump, aims to eliminate wasteful spending and reorganize federal agencies.