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Elon Musk revises federal budget cut expectations, cites $2 trillion as 'best-case' scenario

share-iconFriday, January 10 comment-icon1 week ago 5 views
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usatodayUSATODAY
Elon Musk revises federal budget cut expectations, cites $2 trillion as 'best-case' scenario

Credited from: USATODAY

  • Elon Musk states that cutting $2 trillion from the federal budget is a 'best-case outcome', hinting $1 trillion may be more achievable.
  • The Department of Government Efficiency (DOGE) aims to recommend budget cuts during Trump’s second term.
  • Musk originally advocated for major cuts during a rally in October 2023, impacting fiscal policy discussions.
  • Musk and co-chair Vivek Ramaswamy suggest significant layoffs and spending reductions, particularly in the Department of Education.
  • Budget analyses indicate that more than 70% of federal employees work in national security-related agencies.

For the full article, visit USA Today.

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