The Samsung AI Black Diamond Heat Pump Washer-Dryer represents a new era in laundry care, combining cutting-edge technology with unparalleled convenience. With its AI-powered features and state-of-the-art design, this flagship appliance promises to revolutionize the way we approach laundry tasks.These are the four up-and-coming British companies I recommend investing in for real rewards next year and beyond, by shares guru JOANNE HART By JOANNE HART Updated: 16:55, 29 December 2024 e-mail 2 View comments Stock markets are intended to help companies grow. However, that theory has been sorely tested this year, with many firms hit by a cruel combination of economic uncertainty and investor apathy. Rachel Reeves's Budget made matters worse but this is no time for investors to turn their backs on Britain. Many UK stocks have huge potential. Often undervalued by the stock market, they have proved their resilience in recent years and shown they can move forward, even when conditions are tough. Midas top picks for 2025 include four such businesses, drawn from very different markets but all expected to deliver real rewards for shareholders next year and beyond. Assura The NHS is in a mess. More than six million people are waiting for treatment and half of them have been on waiting lists for four months or more. Cancer targets are continually missed, A&E waiting times are a national disgrace, and GPs are stretched to breaking point. To cap it all, the nation is becoming less healthy, with obesity levels rising, heart disease increasing, and life expectancy falling in the poorest parts of Britain. Change is needed – and Assura is helping to provide this. It designs, builds and manages healthcare facilities, from GP surgeries and NHS training centres to mental health units and private hospitals. Today, Assura has about 620 properties, two-thirds of which are GP surgeries, while private hospitals account for a quarter of the group. Many households regard private hospitals as greedy, price-gouging businesses. However, these are not just used by wealthy clients but also the NHS, helping to shorten waiting times and offering specialist services that the state simply cannot afford. Nuffield Health for example, Assura's largest customer on the private side, is a charity focused on community wellbeing. Assura designs, builds and manages healthcare facilities, from GP surgeries and NHS training centres to mental health units and private hospitals (picture posed by models) On the GP front, Assura surgeries are often modern and purpose-built, designed in consultation with doctors to create an environment that works for patients and medics alike. Chief executive Jonathan Murphy joined the group as finance director in 2013, rising to the top job four years later. Well regarded, Murphy is determined to build a business that improves Britain's health and delivers rewards for investors. Earnings and dividends have risen steadily over the past decade and last summer, Murphy spent £500 million on a portfolio of 14 hospitals, which are expected to drive growth for 2025 and beyond. Even after splashing out on the new assets, Assura is still forecast to increase dividends by 3 per cent to 3.3 p in the year to March 2025, putting the shares on a generous 8.5 per cent yield. Midas verdict: Property firms have been savaged recently and Assura is no exception, with its shares almost halving in value since 2022. This seems excessive. Health Secretary Wes Streeting is determined to make his mark and Assura is well positioned to benefit, as the government strives to ease pressure on the Health Service by encouraging greater use of GP surgeries and private hospitals. At 38p, the shares offer long-term growth and highly attractive dividends. Buy. Traded on: Main market Ticker: AGR Contact: assuraplc.com Telecom Plus American statesman Benjamin Franklin is credited with coining the phrase that nothing in this world is certain except death and taxes. But its first recorded mention was actually in a work by British playwright Christopher Bullock. For most of us today, though, another certainty is monthly bills. Never welcome, their number seems to increase on a regular basis – gas, electricity, broadband, mobile, insurance, plus numerous subscriptions to everything from TV to toilet paper. Telecom Plus aims to simplify customers' lives, with one bill covering energy, internet use, mobile phones and home insurance. Starting out from a pub in Henley-on-Thames in 1996, the company has more than a million customers and is valued on the stock market at almost £1.4 billion. Operating under the brand name Utility Warehouse, the group is focused on delivering top-tier service, ease of use and consistently competitive pricing. Accolades and awards suggest that the business is true to its word, as it has just been ranked number one for energy by Citizens Advice. Not only does Telecom Plus differ from peers in the range of services on offer, but it also acquires customers primarily by recommendations from existing users. Ordinary people – teachers, nurses, firefighters, police – tell friends, family or neighbours about Utility Warehouse and are rewarded for every person that they convert. Payment comes as a percentage of the new customer's bill – generally about 2.5 per cent – and for serial recommenders, known as agents, the rewards can be substantial, stretching to hundreds of pounds a year. The system is highly unusual but it works, with customer numbers – and profits – growing by more than 10 per cent a year for the past three years and set to continue. Chief executive Stuart Burnett is keen to double customer numbers to two million over the next five to seven years and add more services to his roster, with motor and pet insurance high on his list. Customers receive a loyalty card too, which takes money off their bill when they buy goods at chains such as Sainsbury's and Boots. Savings can run into hundreds of pounds for committed customers. The more customers join the group, the more profitable it becomes and the more dividends can be paid to shareholders. Shares guru Joanne Hart recommends that you buy and hold shares in Telecom Plus Brokers forecast a dividend of 94p for the year to March 2025, rising to £1.07 the following year and £1.18 in 2027. With the shares at £17.28, that puts Telecom Plus on a yield of almost 5.5 per cent. Midas verdict: Telecom Plus shares peaked at more than £25 two years ago, when energy prices were soaring and inflation was rampant. They have fallen 30 per cent since then to £17.28, with investors worried that new customers will be harder to find in today's environment. Evidence to date would suggest otherwise and the shares should bounce back in 2025 and beyond. Buy and hold. Traded on: Main market Ticker: TEP Contact: telecomplus.co.uk Distribution Finance Capital Staycations came into their own after the Covid pandemic and many holidaymakers decided they preferred them. More than 500,000 caravans trundle round the UK each year, demand for campervans and motorhomes has been soaring, and sales of new vehicles top 25,000 annually. Manchester-based Distribution Finance (DF) Capital oils the wheels of this market and its prospects are bright. The company provides finance to hundreds of dealers nationwide, via loans that are repaid as soon as vehicles are sold. Loans are subsidised by manufacturers so DF works with these firms as well, ensuring processes run smoothly from start to finish. Founded in 2016 by a trio of financial specialists who cut their teeth at US giant GE Capital, DF aims to stand out from larger competitors through a combination of top-tier technology and old-fashioned, personal service. Read More Where you should invest your money to set yourself up for a prosperous 2025, by JEFF PRESTRIDGE Rivals tend to be large banks, saddled with legacy IT. DF has built its own systems, which are easy to use by makers and dealers. Motorhomes and caravans account for about a quarter of DF's business. However, the group operates in several other areas too, from boats and motorbikes to pre-fabricated holiday homes and lodges for retirement communities. The latter are increasingly popular for older couples looking to downsize, release some funds and have fun in their senior years. Trading is brisk across the group. Working with almost 100 manufacturers and about 1,200 dealers, DF is growing fast. Chief executive Carl D'Ammassa revealed earlier this month that results for 2024 would be significantly ahead of expectations with profits of more than £18.5 million, a fourfold increase over 2023. There are high hopes for 2025 as well, with D'Ammassa planning to offer loans not just to dealers but to their customers too. The motor finance market has become enmeshed in scandal, with dealers and lenders accused of hiding commissions and overcharging customers. DF Capital will focus on specialist vehicles rather than cars, but should benefit as lenders across the industry struggle with past problems. D'Ammassa intends to start small as well, so he can be choosy in his choice of customers and keep credit quality high. DF runs a fully licensed savings bank too, financing its lending activity by offering consumers attractive rates, simple online processes and, again, friendly personal service for those who need it. Midas verdicT: Distribution Finance shares topped £1.30 in 2019. Today, they are 36p, hit by concerns about Covid, high interest rates and the collapse of a troublesome manufacturer, Royale Life, in 2023. That issue has been resolved, important lessons have been learned and DF shares have come off earlier lows. However, they are still too cheap at 36p and should deliver strong growth in 2025 and beyond. Buy. Traded on: Aim Ticker: DFCH Contact: dfcapital-investors.com IIG Gambling in China dates back at least 3,000 years, starting with an ancient precursor to chess, known as liubo. Today, however, most forms of gambling are illegal in the People's Republic, with two notable exceptions: the Welfare Lottery and the Sports Lottery, both of which are state-owned. Here too, there are restrictions, with lottery tickets historically available at just 200,000 designated shops, scattered across a country almost 40 times larger than Britain. Chinese New Year lottery tickets. About 100 million Chinese play the lottery today, out of a population of 1.4 billion Ten years ago, Englishman Daniel Levine and his Chinese colleague Frank Li Tong decided this presented a once-in-a-lifetime opportunity to drag Chinese lottery systems into the modern era and allow consumers to buy tickets online. The duo founded Hui10 to bring their idea to fruition and in 2023, UK-listed Intuitive Investments Group (IIG) acquired the business via a $365 million all-share deal. Aim-listed IIG boasts an impressive team. Chief executive Robert Naylor and chief investment officer Giles Willits have made serious money for shareholders in recent roles and hope to do the same again. Chairman Sir Nigel Rudd has a 40-year history of backing winners and believes Hui10 will turn IIG into a FTSE 100 business, so much so that he has persuaded top financiers to invest in the company. At the coalface, Levine and Tong have spent the past decade working with Chinese government bodies and local businesses. Now they are on the cusp of delivery. Systems have been approved and steps are under way to make China's lottery digital, including trial runs in certain parts of the country and promotional schemes with giants such as AliBaba, the Chinese equivalent of Amazon. A full roll-out is expected next year and the stakes are high. About 100 million Chinese play the lottery today, out of a population of 1.4 billion. If China were to follow the UK and America, those numbers could rise to at least 300 million over the next five years, sending IIG revenues from virtually nothing today to more than £1.5 billion, with profits running into hundreds of millions of pounds. Midas verdict: IIG shares are £1.10 today. If all goes according to plan, the stock could soar. Like any early-stage business, IIG is not without risk. But the board is top drawer, backers are savvy and Hui10 is determined to succeed. An appealing punt for the adventurous investor. Traded on: Aim Ticker: IIG Contact: iigplc.com Share or comment on this article: These are the four up-and-coming British companies I recommend investing in for real rewards next year and beyond, by shares guru JOANNE HART e-mail Add comment Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.
10. Green Valley Group
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PHILADELPHIA — Joel Embiid has missed 16 games this season because of left knee injury management, knee swelling, personal reasons and a three-game suspension. But after he misses his 17th contest against the Orlando Magic, the 2023 NBA MVP will start to wade into dangerous territory and be in jeopardy, once again, of being disqualified for regular-season awards. The NBA, in cooperation with the National Basketball Players Association, instituted a 65-game rule last season for awards, hoping it would deter players and teams from leaning on load management to take off games. The seven-time All-Star was disqualified last season after playing in only 39 games. The most games Embiid can play in this season is 65 if he participates in all of the remaining contests starting with Sunday’s game against the Bulls in Chicago. But that is highly unlikely since Embiid is not expected to play on back-to-back nights because of load management. Embiid, who has missed the last six games, is averaging career lows of 19.8 points, 7.5 rebounds and 1.0 block. He’s also registering career lows of 37.9% shooting from the field and 16.7% on 3-pointers. While he’ll remain sidelined, Paul George will return after a one game of load management to face the Magic (16-8) at the Wells Fargo Center. Meanwhile, center Andre Drummond (sprained right ankle) was upgraded to questionable after being scheduled to miss the game. His status change could be tied with reserve center Adem Bona being sidelined with a bruised left knee. The Sixers (5-15) will look to avenge Wednesday’s 106-102 loss to Orlando. ©2024 The Philadelphia Inquirer. Visit inquirer.com . Distributed by Tribune Content Agency, LLC.Despite his troubles, Shk7 remains hopeful for the future. The player has expressed a desire to bounce back from his current downturn and prove his critics wrong. With his determination and talent still evident, many believe that Shk7 has the potential to revive his career and once again reach the heights of success he experienced at Inter Milan.
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Patriots' coaches enter bye week confident Drake Maye can be a franchise quarterbackCone zone ahead: Fleetwood residents, businesses brace for SkyTrain workFOXBOROUGH, Mass. (AP) — Drake Maye’s arrival in New England coincided with a wholesale reset for the Patriots franchise following the departure of coach Bill Belichick and quarterback Mac Jones this past offseason. In his eight starts since assuming the reins from veteran Jacoby Brissett, the rookie quarterback has provided encouraging examples of what the Patriots’ revamped front office saw in selecting him third overall in the draft last April. While the Patriots enter their bye week with a 3-10 record and just 2-6 with Maye as the starter, both the coaching staff and his teammates feel they have a quarterback they can build around going forward. “I’m just trying to take it one day at a time, one game at a time,” Maye said this week. “I’m trying to learn from negative experiences or negative plays, learn from turnovers, learn from sacks that I take and see if I can get the ball out and do something better. That’s probably the biggest thing. "Hopefully, the work that we’re putting in and the product that we’re putting out can lead to some positive plays and some positive wins down the road.” Maye is coming off his best statistical performance of the season, completing a season best 80% of his passes (24 of 30) for a season-high 238 yards and a touchdown in New England’s 25-24 loss to Indianapolis. He also had a 41-yard run, showing off a running ability that has him averaging 9.1 yards per carry – best among quarterbacks who have played at least nine games. Maye did have one interception off a tipped ball, but showed his best command of offensive coordinator Alex Van Pelt’s scheme to date, spreading the ball around to six different players and consistently getting the Patriots into the red zone. The rub is that the Patriots were just 2 of 6 once they got there, including four trips inside the 10-yard line that yielded only one TD. Lackluster play in the red zone has been a hindrance for a unit that ranks 30th in the NFL in scoring touchdowns inside the 20. Maye said it will be one of his main focal points over the final four games. “It’s tough to go out like that,” Maye said. “You can’t win games going four drives in the red zone that end in field goals. We’ve got to focus in on that. I think that’s been an emphasis of improvement for this offense. We know you have to score touchdowns to win in this league.” Though coach Jerod Mayo agrees there is room for improvement for Maye, he also pointed out that the pieces around him need to do a better job supporting him as well. He pointed specifically to the offensive line, singling out rookie left guard Layden Robinson and rookie tackle Caedan Wallace, as well as fellow lineman and 2022 first-round pick Cole Strange, who is working his way back from a knee injury. “You need a guy like Layden Robinson to show what he can do. We need a guy like Cole Strange before the end of the season to see what he can do,” Mayo said. “You can use Caedan in that same bucket. We need to see what the receivers can do and what they’re going to look like going forward, and that’s the hard part for me. You want to win right now, but at the same time, I think it would be a disservice to go to the end of the season and not know exactly what we have.” That’s not lost on Robinson, who wants to play better for his quarterback who he said has grown exponentially as a leader since earning the starting job. “He always has that confidence about him and you know how he takes control of the huddle,” Robinson said. “He gets in there, and he’s like, ‘All right, let’s go to work,’ basically. We rally behind him.” Results aside, Van Pelt said there are no regrets about initially waiting to elevate Maye to the starting job. “Absolutely not. I think we had the plan going into place, and I think that it’s showing now that that was a good decision for us,” Van Pelt said. “Would he be as developed had he started the first game? Maybe. Could’ve gone the other way as well. I stated in the spring, this is a marathon, it’s not a sprint. "This is about a career, franchise quarterback, and we’re trying to develop him in the right way. And I feel like we did it that way.” AP NFL: https://apnews.com/hub/nflIlera Eko Records 229,455 Enrollment In 1 Year
WENDAKE, QC , Dec. 5, 2024 /CNW/ - Regarding Bill 32, An Act to establish the cultural safety approach within the health and social services network , the First Nations organizations and governments believe that the bill will not fully guarantee the cultural safety of First Nations users of the health and social services network, despite all the solutions provided to the government to adequately address this. It is with disappointment that the Assembly of First Nations Quebec-Labrador (AFNQL), the Conseil des Atikamekw de Manawan (CADM), Quebec Native Women (QNW), Joyce's Principle Office (JPO) and the First Nations of Quebec and Labrador Health and Social Services Commission (FNQLHSSC) are noting once again the lack of real and concrete involvement of First Nations. Furthermore, it is deplorable that the government didn't choose to do things differently : prior, free and informed consent in the context of Bill 32 was not respected. Despite their good faith participation in the process, the measures taken by the government in this bill fall far short of the objectives, particularly due to the absence of the full integration of Joyce's Principle in the final wording of the bill. "The First Nations have the right to be consulted, and the current legislative processes have been lacking for too long. Safety is an inherent and intrinsic right. The Quebec government cannot legislate on us, without us. The need to immediately undertake an in-depth reflection with a view to agreeing on a First Nations-specific consultation process has become necessary and essential. I want to assure to the First Nations people that we will continue to do everything in our power to fully ensure the safety of all," said Ghislain Picard , Chief of the AFNQL. "The First Nations and Inuit are in the best position to define their health and social services needs. It is imperative that the Quebec government recognize, support and implement solutions developed by our governments, including those of primary importance defined in Joyce's Principle, to ensure safe care that respects our cultural identity," added Sipi Flamand , Chief of the Conseil des Atikamekw de Manawan. Marjolaine Étienne, President of Quebec Native Women, also reacted: "It is regrettable that First Nations women and girls are particularly affected by a bill that is not culturally safe enough. We have rights that governments are required to respect, including those related to health and culture, as stipulated in General Recommendation No. 39 of the Convention on the Elimination of All Forms of Discrimination against Women. A genuine co-construction process from the outset would have made it possible to integrate concrete recommendations into Bill 32." "We cannot work as equals or on a nation-to-nation basis in the current context. Certainly, our voices were heard following Joyce's death, but since then, we have not been able to agree on the actions required to achieve real security for Indigenous people. Without a real and respectful desire to do things differently, the government will never be able to truly move forward," said Jennifer Petiquay-Dufresne , Executive Director of the Joyce's Principle Office. "It is clear that the fundamental principle of co-construction remains abstract for the Quebec government. First Nations will continue their efforts to develop concrete actions, while promoting their own definition of cultural safety to their partners and the public," added Dereck Montour , President of the FNQLHSSC. Finally, everyone is urging the Quebec government to respect the rights of First Nations and to assume the accountability it must demonstrate. The First Nations are reminding the Legault government to do better "together"; the safety of their populations depends on it. About the AFNQL The Assembly of First Nations Quebec-Labrador is the political organization that brings together 43 Chiefs of the First Nations in Quebec and Labrador . About the Conseil des Atikamekw de Manawan The Conseil des Atikamekw de Manawan (CDAM) is a local government that works in the interests of all the members of the Atikamekw community of Manawan while ensuring personal and identity development and promoting their wellness in a healthy environment that reflects their Atikamekw nehirowisiw culture and values. About Quebec Native Women Inc. The Quebec Native Women Inc. is a non-profit organization that has represented, for 50 years, First Nations women in Quebec as well as Indigenous women who live in urban areas. About Joyce's Principle Office Joyce's Principle Office, created following the tragic death of Ms. Joyce Echaquan in September 2020 at the Joliette hospital, aims to ensure the adoption of Joyce's Principle by various bodies, including the Quebec government. About the FNQLHSSC The First Nations of Quebec and Labrador Health and Social Services Commission is a non-profit organization that supports Quebec First Nations in achieving their objectives in terms of health, wellness, culture, and self-determination. SOURCE Assembly of First Nations of Quebec and Labrador View original content: http://www.newswire.ca/en/releases/archive/December2024/05/c6326.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.With over five million units sold globally in the past year, Tineco reinforces its leadership in the industry SEATTLE , Nov. 26, 2024 /PRNewswire/ -- Today, Tineco is proud to announce that Euromonitor International, the world's leading independent provider of strategic market research, has recognized the company as the #1 global leader in the household wet & dry vacuum cleaner category * . With over five million units sold between July 1, 2023 , and June 30, 2024 , the honor reflects Tineco's commitment to innovation and quality in the home cleaning sector. Harnessing more than two decades of industry innovation, Tineco began its journey with a single vacuum cleaner. Pioneering industry excellence, a notable moment in company history was the launch of the first-ever smart vacuum to market in 2018, quickly followed by an inaugural smart floor washer in 2019, and an intelligent carpet cleaner in 2022. Today, Tineco products are enjoyed by 14 million users across key markets worldwide, including regions in North America , Europe , and Asia . Tineco is now a globally recognized market leader in smart home appliances across the floor care, kitchen, and personal care categories, with 975 patents and 577 registered trademarks across domestic and international markets. For three consecutive years, the company has also held the title of being the #1 wet & dry vacuum brand on Amazon in the United States , Canada , France , Italy , Australia , and Japan . "At Tineco's inception, we set out to simplify life and household tasks with the help of smart technology. Over the past 26 years, our robust R&D team has made significant investments and a steadfast dedication to setting the standard for excellence in floor care solutions," said Ling Leng , CEO of Tineco. "The honor of being named the #1 global leader in the wet & dry vacuum cleaner category by Euromonitor International is an incredible milestone achievement. This recognition fuels our commitment to continuing to innovate and push boundaries to bring exceptional products to market that enhance the lives of our customers worldwide. Looking ahead, we are laser-focused on making Tineco more accessible by expanding into new markets, introducing new advanced technologies to simplify our customers' lives, and expanding our product lineup to meet diverse needs." Tineco's flagship models, including FLOOR ONE Stretch S6 , PURE ONE Station 5 , and Carpet One Cruiser , combine intelligent features with superior power and user-friendly capabilities to revolutionize cleaning. Tineco's R&D team has carefully engineered each model to address real-world challenges and enhance user satisfaction by incorporating technological advancements and valuable consumer feedback. Specifically: FLOOR ONE Stretch S6: Building off the incredible success of Tineco's social-media viral Floor Washers, which vacuum and mop simultaneously, FLOOR ONE S6 offers exceptional maneuverability. Its 180° tilting design lets the floor washer lay completely flat, compressing its height to just 5.1 inches. Coupled with mini assistive wheels that swivel 45° to the left and right, this makes cleaning under furniture, beds, or in hard-to-reach areas effortless. PURE ONE Station 5: Setting a new standard in stick vacuums, the PURE ONE Station 5 provides a brand new vacuum after each and every clean. Its 3-in-1 Smart Station will entirely self-clean, charge, and store the unit, keeping it in pristine condition for subsequent use. Paired with 175W of powerful suction, this is an indispensable tool for households of all types and sizes. Carpet One Cruiser: The Carpet One Cruiser is designed to transform deep cleaning carpets into a regular household activity. It effectively deep cleans various carpet types and powerfully extracts water to reduce drying times by 50% or more than traditional models. Three levels of SmoothPower tech, bidirectional assist wheels, and repositioned water tanks lessen the unit's weight, making the machine easy to maneuver, suitable for users of all ages and strengths, and ideal for frequent use. A leader in the intelligent floor care category, Tineco smart models are equipped with Tineco's proprietary iLoop technology that adjusts suction power in real-time based on the mess detected, which not only optimizes battery power but also allows the user to visualize cleaner floors on the unit's display ring that will change from red to blue once the surface is clean. Guided by customer insights, all new Tineco models also feature self-cleaning capabilities that significantly streamline maintenance. Tineco products are available globally, with distribution in North America on Amazon, Tineco's official online store, and in over 10,000 major retail locations, including Target, Walmart, Best Buy, Costco, Home Depot, and Canadian Tire. To learn more about Tineco and its entire portfolio of intelligent stick vacuums, floor washers, carpet cleaners, and more, please visit us.tineco.com . *Source: Euromonitor International ( Shanghai ) Co., Ltd.; measured in terms of 2023 H2 and 2024 H1 retail sales volume in the world; household wet & dry vacuum cleaners are defined as household cleaners that dispense clean water (or cleaning solution) to wash hard floors and vacuum the dirty water and garbage thereafter; research completed in Nov. 2024 . About Tineco Tineco was founded in 1998 with its first SKU as a vacuum cleaner and, in 2019, pioneered the first-ever smart vacuum. Today, the brand has innovated into a global leader offering intelligent appliances across home categories, including floor care, kitchen, and personal care. Tineco is dedicated to its brand vision of making life easier through smart technologies and consistently innovating new devices. For more information, visit us.tineco.com . SOURCE TINECO
WASHINGTON (AP) — It's DOGE time at the U.S. Capitol. Billionaire Elon Musk and fellow entrepreneur Vivek Ramaswamy arrived Thursday on Capitol Hill meeting with legislators behind closed doors about President-elect Donald Trump's plans to “dismantle” the federal government. Trump tapped the two business titans to head his Department of Government Efficiency , tasked with firing federal workers , cutting government programs and slashing federal regulations — all part of what he calls his "Save America" agenda for a second term in the White House. “We're going to see a lot of change around here in Washington,” said House Speaker Mike Johnson , as Musk, with a small child on his shoulders, breezed by and into the private meeting. Washington has seen this before, with ambitious efforts to reduce the size and scope of the federal government that historically have run into resistance when the public is confronted with cuts to trusted programs that millions of Americans depend on for jobs, health care, military security and everyday needs. But this time Trump is staffing his administration with battle-tested architects of sweeping proposals, some outlined in Project 2025 , to severely reduce and reshape the government. Musk and Ramaswamy said they plan to work alongside the White House's Office of Management and Budget, headed by Trump's nominee Russ Vought, a mastermind of past cuts . “DOGE has a historic opportunity for structural reductions in the federal government,” Musk and Ramaswamy wrote in an op-ed in The Wall Street Journal . “We are prepared for the onslaught.” The duo, invited for what Johnson called a “brainstorming” session as they begin this “journey” together, face a first test in private with House and Senate lawmakers — some eager to hear what they have in mind. “I am fired up to go out and do something,” said Rep. Aaron Bean, R-Fla., who joined with Rep. Pete Sessions, R-Texas, in launching what they are calling the DOGE caucus in the House, with more than 50 Republicans and two Democratic members. Bean said the DOGE caucus will unveil an email tip line where people can report wasteful spending. He also envisions a scoreboard of sorts that people can view on a website showing “how many positions we’ve cut, agencies we’ve cut, what the actual number is.” In the Senate, Sens. Joni Ernst, R-Iowa and Rick Scott, R-Fla., have launched a similar caucus. “I think that’ll be a great start to the whole process,” said Rep. Marjorie Taylor Greene, R-Ga., who will chair a House Oversight subcommittee in the new year as part of “building the bridge between Congress and DOGE.” While neither Musk nor Ramaswamy have much public service experience, they bring track records in private business — Musk's operations have vast government contracts — and enthusiasm for Trump's agenda, having campaigned alongside him in the final stretch of the election. The world's richest man, Musk poured millions into a get-out-the-vote effort to help the former president return to the White House. He is known politically for having transformed the popular social media site formerly known as Twitter into X, a platform embraced by Trump's MAGA enthusiasts. Despite its name, the Department of Government Efficiency is neither a department nor part of the government, which frees Musk and Ramaswamy from having to go through the typical ethics and background checks required for federal employment. They said they will not be paid for their work. One good-government group has said that DOGE, as a presidential advisory panel, should be expected to adhere to traditional practices of transparency, equal representation and public input — as happened with similar advisory entities from the Reagan to the Obama administrations. The Federal Advisory Committee Act “is designed expressly for situations like this," wrote Lisa Gilbert and Robert Weissman, the co-chairs of Public Citizen in a letter to the Trump transition team. "If the government is going to turn to unelected and politically unaccountable persons to make recommendations as grand as $2 trillion in budget cuts, it must ensure those recommendations come from a balanced and transparent process not rigged to benefit insiders.” The nation's $6 trillion federal budget routinely runs a deficit, which this year ran $1.8 trillion, a historic high, according to the Congressional Budget Office. It has not been balanced since the Clinton administration more than two decades ago. Republicans generally blame what they see as exorbitant spending for the deficit, while Democrats point to tax cuts enacted under Republican presidents Trump and George W. Bush as the major driver. Receipts last year as a percentage of gross domestic product came in just below the average for the past 50 years, while outlays were equal to 23.4% of GDP, compared to the 50-year average of 21.1% Some of the biggest increases in spending last year occurred with politically popular programs that lawmakers will be reticent to touch. For example, spending on Social Security benefits went up 8%, Medicare outlays increased 9%, spending on defense went up 7% and spending on veterans health care rose 14%, according to the Congressional Budget Office. Rep. Ro Khanna, D-Calif., said he would like to see Musk testify before the House Armed Services Committee on the “bloated defense budget.” “I’d like to see Elon recommend some cuts. Let’s have him testify,” Khanna said. He said he’s open to hearing proposals on non-defense spending, but was skeptical. “If they find waste, maybe, but in terms of big numbers, I mean, no one is going to allow for cutting education funding for special needs kids and for low-income schools, or for cutting Social Security and Medicare,” Khanna said. “If they want to do that, they’re going to hand us a landslide in 2026.”ENVESTNET INC. ANNOUNCES MAKE-WHOLE FUNDAMENTAL CHANGE AND SUPPLEMENTAL INDENTURES UNDER ITS 0.75% CONVERTIBLE NOTES DUE 2025 AND 2.625% CONVERTIBLE NOTES DUE 2027