Musk’s DOGE aims to cut $2 trillion in spending. That will be tricky.
The Department of Government Efficiency will be headed by Elon Musk and Vivek Ramaswamy, who intend to slash a third of government spending.
Elon Musk Walks Back Vow To Find $2 Trillion In Wasteful Spending
Trump and Republicans have nevertheless embraced Musk as a budget visionary, with Trump naming him to a nongovernment advisory panel called the Department of Government Efficiency, or DOGE. Republicans then jumped on the DOGE bandwagon without realizing the name is a joke based on an internet meme about a Shiba Inu dog.
Elon Musk says cutting $2 trillion from the federal budget is a 'best-case outcome'
In a Wednesday interview on X, Elon Musk said cuts of $2 trillion to the federal budget might not be possible and was a "best-case outcome."
Musk Acknowledges $2 Trillion Spending Cut Goal a Long Shot
WASHINGTON (Reuters) - Elon Musk, who U.S. President-elect Donald Trump has tapped to oversee a government cost-cutting effort, acknowledged that his declared goal of cutting $2 trillion in spending from the $6.8 trillion federal budget would be a long shot.
Elon Musk says DOGE saving $2 trillion in budget cuts is a 'best-case outcome'
Elon Musk told the political strategist Mark Penn that if DOGE tried to cut $2 trillion, it'd have a "good shot" of ending up at $1 trillion.
Musk Says DOGE’s Goal to Cut $2 Trillion in Spending Is ‘Best-Case Outcome’
The billionaire CEO of Tesla says there is a good shot of cutting at least $1 trillion from federal government expenditures.
$2 Trillion in Spending Cuts? Musk Now Says DOGE Might Get to $1 Trillion
Elon Musk has made some big claims about the potential savings to be won by the efficiency effort he is leading under the new Trump administration, but on Thursday he admitted that the $2 trillion per year cost-cutting target he has cited in the past may be unreachable.
Musk Now Skeptical DOGE Effort Can Cut $2 Trillion From Budget
Billionaire Elon Musk expressed doubt that his government efficiency panel in President-elect Donald Trump’s incoming administration will actually be able to achieve $2 trillion in cuts to the US federal budget,
How Elon Musk Plans to Use DOGECOIN to Slash Government Costs
Elon Musk has unveiled an ambitious plan to reduce government expenses by integrating Dogecoin (DOGE) into federal operations. This initiative aims to streamline processes and cut costs across various government agencies.
How Elon Musk Is Firing Up the DOGE
The efficiency and cost-cutting effort known as DOGE is taking formative steps ahead of President-elect Donald Trump’s return to the White House, and The New York Times has some new details about where the project is headed.
Experts worry as deficit tops $2 trillion in last year
The U.S. Congressional Budget Office released new data this week showing that in the last calendar year, the federal deficit ...
Committee for a Responsible Federal Budget1d
Treasury Confirms Calendar Year 2024 Deficit Tops $2.0 Trillion
The Treasury Department released the Monthly Treasury Statement for December, showing the United States borrowed $2.0 trillion in calendar year 2024, $711 billion in the first three months of fiscal ...
Musk, after months of blustering, admits DOGE won’t find $2 trillion worth of cuts in federal budget
Billionaire Elon Musk, who is set to co-lead the new advisory Department of Government Efficiency, has admitted the agency ...
Jensen Huang Declares the Age of "Agentic AI" at CES 2025 – A Multi-Trillion-Dollar Shift in Work and Industry
With 100+ historic trademarks including some of the high grossing characters in history, like Cinderella, Snow White and ...