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One top comment reads, “There is at least 150 basis points of premium priced-in to the 10Y Note Yield due to deficit spending. Eliminate deficit spending and rates go down for Americans.” Musk ...
A former Democratic advisor sounded the alarm about the party's "terrible" strategy to vocally oppose Elon Musk's effort to cut wasteful government spending at the Department of Government ...
Musk, in an interview with Trump that aired on Fox News on Tuesday night, said the goal of DOGE was to trim $1 trillion from the deficit. Clinton was able to balance the budget and cut the deficit ...
Musk said during a Trump rally before the election that he would identify at least $2 trillion in spending cuts, which would amount to nearly one-third of total government spending, including the ...
Elon Musk agreed with an X post predicting how Trump's mass deportations and Musk's proposed $2 trillion cut to federal spending would play out. It would be a rough couple of years.
Aside from lopping off entire agencies, here are some examples of controversial federal spending that, based on Musk and Ramaswamy’s recent comments, could be in the line of fire for coming cuts:
Tesla CEO Elon Musk had previously penciled in a target of $2 trillion for his government efficiency department DOGE—now it seems the goal may be too lofty.. Now that Elon Musk is getting into ...
The US Treasury pegs the federal budget deficit in fiscal year 2024 at $1.8 trillion. The deficit is expected to grow to $2.8 trillion by 2034, per the Congressional Budget Office.