US EditionElon Musk now has a new, lower target number for DOGE’s budget cuts
- Musk stated that the $2 trillion target was 'the best-case outcome' for budget cuts.
- Experts criticized Musk's $2 trillion target as unrealistic given the federal budget of approximately $6.8 trillion.
- Musk believes that reducing the budget deficit could promote economic growth without causing inflation.
80 Articles
80 Articles
Youngkin backs push for cutting federal workforce, spending
Gov. Glenn Youngkin has joined other GOP governors in a letter to congressional leaders voicing their "overwhelming support" for efforts by President-elect Donald Trump and his new Department of Government Efficiency to cut the federal government workforce and spending, which economists warn could harm Virginia's economy.
Palantir Co-Founder Joe Lonsdale Sets Realistic Expectations For Elon Musk's DOGE Initiative: 'Next Trillion Will Be A Lot Harder' - Tesla (NASDAQ:TSLA), Palantir Technologies (NASDAQ:PLTR)
Palantir Technologies Inc. co-founder Joe Lonsdale offered a sobering assessment of the Department of Government Efficiency initiative, suggesting that while $1 trillion in federal spending cuts might be achievable, further reductions would face significant hurdles.
DOGE reps launch meetings with federal staffers in effort to cut government waste: report
Aides for Tesla and Space X CEO Elon Musk and tech entrepreneur Vivek Ramaswamy are starting to interview staffers with the federal government for the newly created Department of Government Efficiency (DOGE), according to a new report. Representatives for DOGE have had conversations with staffers from more than a dozen federal agencies — including the Treasury Department and the Internal Revenue Service, as well as the Departments of Veterans Af…
Elon Musk Scales Back DOGE Plans Before Trump Even Takes Office
After promising to cut $2 trillion from the federal budget, the Tesla founder called $1 trillion an “epic” goal. Still, he described the government as “target-rich,” boasting: “You can close your eyes and you can’t miss.”
Hyuh, Already DOGE Is A FAIL
Donald Trump's co-president, Elon Musk, admitted on Wednesday that he probably can't cut $2 trillion from the federal budget as he had promised, running into the political reality everyone told him existed but that he refused to accept because he’s a billionaire who thinks he knows better than everyone else. In an interview with Mark Penn, the contemptible political strategist who once backed Democrats but now has become a Trump defender, Musk s…
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