Elon Musk says DOGE’s $2 trillion target for federal spending cuts was just a best case scenario
Elon Musk initially pledged to cut some $2 trillion from the federal budget, alongside his DOGE partner, politician Vivek Ramaswamy.
Musk acknowledges $2 trillion spending cut goal a long shot
Elon Musk, who U.S. President-elect Donald Trump has tapped to oversee a government cost-cutting effort, acknowledged that his declared goal of cutting $2 trillion in spending from the $6.8 trillion federal budget would be a long shot.
Musk Says DOGE’s Goal to Cut $2 Trillion in Spending Is ‘Best-Case Outcome’
The billionaire CEO of Tesla says there is a good shot of cutting at least $1 trillion from federal government expenditures.
Elon Musk Backtracks on $2 Trillion DOGE Budget-Cutting Ambition
Elon Musk has backtracked on his earlier goal of cutting $2 trillion from the federal budget. In a live interview on X, formerly Twitter, with Stagwell CEO Mark Penn on Wednesday, Musk said slashing $2 trillion from the budget would be "the best-case outcome,
Musk Now Skeptical DOGE Effort Can Cut $2 Trillion From Budget
Billionaire Elon Musk expressed doubt that his government efficiency panel in President-elect Donald Trump’s incoming administration will actually be able to achieve $2 trillion in cuts to the US federal budget,
Elon Musk says DOGE saving $2 trillion in budget cuts is a 'best-case outcome'
"I think if we try for $2 trillion, we've got a good shot at getting one," Elon Musk told political strategist Mark Penn.
Elon Musk says DOGE will ‘try’ to hit its goal of $2T in cuts, but admits they might fall short
During a livestremed talk with Stagwell Inc. CEO Mark Penn, tech billionaire Elon Musk admits that the newly formed Department of Government Efficiency may not reach its goal.
Yellen says COVID spending may have contributed 'little bit' to inflation
The Biden administration's spending on stimulus to keep the economy going during the COVID pandemic may have contributed a ...
Spending on data centers hit a high in 2024, but it won't last
New research from Synergy Research Group estimates spend will grow 34% compared with 2023, thanks largely to a 48% rise in ...
What to know about DOGE and its quest to slash government waste, spending
Proponents of the Department of Government (DOGE) say that it will work with Congress to slash up to $2 trillion in ...
Mises Institute1d
Politicians Won’t Solve Our Spending Problem Unless We Make Them
Mike Johnson promised drastic spending cuts in his House address last Friday. But, as Thomas Massie pointed out, Johnson's ...
Online holiday spending rises nearly 9% as deep discounts and AI-powered chatbots fuel purchases, Adobe data says
Deep discounts motivated holiday shoppers to spend, according to Adobe’s data. For every 1% drop in the typical price, demand ...
Top UK Official Backs Trump's Call for Increased NATO Defense Spending
NATO's current target for members' defense spending is 2 percent of their country's GDP. Trump has repeatedly called on the alliance to increase this amount.
Black Friday spending lifts UK retail sales at end of 2024
Black Friday spending helped lift retail sales in late 2024 but overall sales in the final quarter of last year proved ...
Mind the Gap: Cloud Spending is Perplexing CFOs
Cloud spending confusion is rising among CFOs. Learn how FinOps, automation, and AI-powered solutions can improve cost ...
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Pokemon TCG Pocket has blown past $400 million in revenue since October, with Japan spending the most Pokemoolah
Pokemon TCG Pocket has blown past $400 million in revenue since October, with Japan spending the most Pokemoolah.
Will spending more boost your quality of life in retirement? Here’s how annuities help that.
Yet more evidence has just landed that buying an income annuity when you retire is likely to boost your standard of living in ...