Beware these stocks that rely on government spending if Musk's DOGE threatens budgets

By CNBC | Nov 19, 2024 at 02:38 PM EST

President-elect Trump's plan to boost government efficiency may negatively impact companies reliant on federal contracts for profits. A new group, DOGE, led by Elon Musk and Vivek Ramaswamy, aims to cut spending, affecting stocks like Intuit and H & R Block.

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