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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.
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 initially pledged to cut some $2 trillion ... for efficiency translates into a lower-than-expected cut to the budget deficit. ... people to care about spending someone else's money.
According to research on federal spending and prime contracts by FedScout, Musk’s aerospace venture, SpaceX, has received $19 billion from the federal government since 2008 and is poised to take ...
World's richest man tells voters he will lower taxes.
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:
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.
Musk and his sidekick, entrepreneur Vivek Ramaswamy, say they want to cut at least $1 trillion per year in federal spending through recommendations due no later than July 5, 2026, and just in time ...