US President Donald Trump’s adviser, Elon Musk, on Thursday expressed confidence in achieving $1 trillion in federal spending cuts before the end of his tenure in as soon as 64 days.
In an interview with Fox News, Musk stated that his Department of Government Efficiency (DOGE) could find $1 trillion in savings, slimming current total federal spending levels of about $7 trillion down to $6 trillion.
Verily News reports that Musk, designated as a special government employee by the White House, is limited to working 130 days in this capacity. His leadership of DOGE could conclude by the end of May.
“I think we will accomplish most of the work required to reduce the deficit by a trillion dollars within that time frame.
“The government is not efficient, and there is a lot of waste and fraud, so we feel confident that a 15% reduction can be done without affecting any of the critical government services,” Musk said.
DOGE estimates that it has saved US taxpayers $115 billion as of March 24 through actions including workforce reductions, asset sales and contract cancellations.
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