slashing

It fits with White House officials’ intent to spur economic growth by slashing regulations.

Member's of Elon Musk's so-called Department of Government Efficiency have been making cuts to the agency since February, with the target of slashing 7,000 jobs.

Whatever his purpose with all this slashing and burning, he's not getting the job he promised to do done, The New York Times reports:

Even worse, by adding to deficits the House Republican budget would increase pressure to enact further cuts whether it be to the same economic security programs it's slashing or Medicare and Social Security.

The Trump administration’s biggest slashing came Feb. 7, when the NIH said it would reduce by $4 billion the annual overhead funding given to universities for medical research grants.