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While stumping for Donald J. Trump during the 2024 presidential campaign, Elon Musk said he could cut $2 trillion from the federal budget. After Mr. Trump took office and placed Mr. Musk in charge of the budget-slashing so-called Department of Government Efficiency, Mr. Musk lowered that projection by half, to $1 trillion in the upcoming fiscal year.
In a cabinet meeting on Thursday, Mr. Musk appeared to set his group’s goal lower still.
“I’m excited to announce that we anticipate savings in ’26 from reduction of waste and fraud by $150 billion,” Mr. Musk told Mr. Trump, referring to the fiscal year, which runs from the beginning of October 2025 to the end of September 2026.
Mr. Musk’s group has slashed budgets and fired thousands of workers around Washington, but so far the…more
Source www.nytimes.com
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