Musk Now Skeptical DOGE Effort Can Cut $2 Trillion From Budget
- Billionaire calls target he established a ‘best-case outcome’
- Budget watchers also cast doubt such cuts can be achieved
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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, backtracking from a lofty target that the tech entrepreneur himself had floated.
“I think we’ll try for $2 trillion. I think that’s like the best-case outcome,” Musk told Mark Penn, a political strategist and the chairman of Stagwell Inc., in an interview broadcast on X, adding that he thought “we’ve got a good shot” at getting $1 trillion in cuts.