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Former Commerce Secretary Wilbur Ross criticized the World Bank for allowing China to borrow significantly while U.S. taxpayers fund its operations. He highlighted a report accusing the bank of losing track of $24 billion in climate funding and suggested that the U.S. should reassess its financial relationship with the institution. Ross emphasized that the World Bank should focus on economic development rather than ideological issues like climate change.
Elon Musk's leadership is seen as a pivotal opportunity to reform government spending through the proposed Department of Government Efficiency (DOGE). Former Tesla executive Jon McNeill highlights Musk's disciplined approach to identifying key issues, which could help eliminate wasteful programs and redundancies. With support from figures like Vivek Ramaswamy and Oklahoma Senator James Lankford, there is optimism that DOGE can effectively tackle inefficiencies in government operations.
Wilbur Ross
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world bank funding controversies raise concerns over us taxpayer contributions
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Elon Musk's leadership seen as key to reducing government spending inefficiencies
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14:13 17.01.2025
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