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.
Why Elon Musk had to drop his ‘DOGE’ pledge to cut $2 trillion from the federal budget
Two months ago here at MarketWatch, we told you that Elon Musk was talking out of his MAGA hat when he promised to cut “at least $2 trillion” from the $6.75 trillion federal budget. Now Musk has admitted we were right all along.
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.
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 ...
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 ...
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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 ...
Ron Johnson: Reducing ‘out of control’ government spending is not only ‘reasonable but doable’
Sen. Ron Johnson (R-Wis.) doubled down on a conservative plan to reduce government spending with new proposals outlined in an ...
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 ...
Chancellor Rachel Reeves may need to cut spending after jump in borrowing costs
The cost of borrowing for the UK government surged to its highest level for almost 17 years on Wednesday amid a sell-off in ...
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 ...
The Associated Press - Business News on MSN13d
Holiday shoppers increased spending by 3.8% despite higher prices
The last five days of the season accounted for 10% of the spending. This year, retailers were even more under the gun to ...
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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 ...