Elon Musk plans to close hundreds of federal offices

Elon Musk's Department of Government Efficiency plans to close hundreds of federal offices this summer by terminating real estate leases. Internal documents reveal that many cancellations will take effect by June 30, affecting agencies like the IRS and Social Security Administration. The rapid lease terminations have raised concerns among agencies and lawmakers, with some requesting exemptions. While the cancellations aim to save about $500 million, the actual impact on services remains unclear, as some agencies may negotiate new leases or relocate. Some lease cancellations have already been rescinded due to errors, and lawmakers are working to halt others. The push to reduce federal real estate has been ongoing, but the current approach has surprised many in the industry, leading to uncertainty about the future of public services.