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Musk acknowledges US$2 trillion budget cut goal is unlikely amid spending constraints

share-iconFriday, January 10 comment-icon1 week ago 9 views
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Musk acknowledges US$2 trillion budget cut goal is unlikely amid spending constraints

Credited from: SCMP

  • Elon Musk, tasked by President-elect Donald Trump, admitted that cutting US$2 trillion from the federal budget may be a long shot.
  • During a discussion, Musk mentioned achieving the US$2 trillion target as a "best-case outcome".
  • The task force led by Musk, named the Department of Government Efficiency (DOGE), aims to improve government efficiency.
  • Approximately two-thirds of federal spending is allocated to programs that cannot be cut, making the goal challenging.
  • Trump is holding meetings with congressional Republicans to strategize on his legislative agenda, including tax cuts.

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Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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