As the head of President Trump’s new Department of Government Efficiency (DOGE), Tesla CEO Elon Musk has vowed to cut between $1 trillion and $2 trillion from the annual federal budget by 2026.

US debt hit $36 trillion - 117% of GDP - and DOGE aims to cut $2 trillion from yearly spending. Madness or masterstroke?

Even though the billionaire is no longer leading the Department of Government Efficiency effort, many key staffers — and DOGE ...

The Department of Government Efficiency (DOGE) will have a difficult time cutting $2 trillion from the federal budget, but that amount of saving can be achieved over time, experts say.

If DOGE (or its successor) wants to truly save billions, it should come from cutting with a scalpel, not a machete. And there ...

Elon Musk is crusading to rein in government waste. AP “I think we’ll try for $2 trillion, I think that’s like the best-case outcome,” Musk told Stagwell CEO Mark Penn during an X Spaces ...

From Oct. 1, 2024, through Jan. 31, 2025, the federal government collected $1.6 trillion and spent $2.4 trillion, leaving a deficit of nearly $840 billion so far this fiscal year. Sponsor Message ...

Elon Musk seemed to lower DOGE's estimated savings by saying he anticipates $150 billion in cut "waste and fraud" in the next fiscal ... Musk talked about cutting $2 trillion from the government.

Elon Musk and DOGE promised $2 trillion in savings. In reality, government spending is up. The Trump administration has reportedly spent more than 6 percent as the Biden administration during the ...

Billionaire Elon Musk has said his Department of Government Efficiency is aiming to cut $2 trillion from the federal budget. After his team gained access to the Treasury Department’s sensitive ...

For example, DOGE claims $31.8 billion in savings from cancelling or adjusting over 10,000 contracts. But the FT could only confirm reductions in around 6,700 of those cases.

As the head of President Trump’s new Department of Government Efficiency (DOGE), Tesla CEO Elon Musk has vowed to cut between $1 trillion and $2 trillion from the annual federal budget by 2026 ...