Elon Musk $2 trillion federal spending cut: What's in the plan?

Oct 31, 2024  · In fiscal year 2024, the federal government spent a total of $6.75 trillion, according to the Treasury Department. Should Musk actually implement his proposed cuts, it would mark around a third of federal spending. Exact details of this plan from Musk still remain unknown …


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Elon Musk $2 Trillion Federal Spending Cut: What's In The Plan?

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Oct 31, 2024  · In fiscal year 2024, the federal government spent a total of $6.75 trillion, according to the Treasury Department. Should Musk actually implement his proposed cuts, it would mark around a third of federal spending. Exact details of this plan from Musk still remain unknown …

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Can Elon Musk Cut $2 Trillion From US Government Spending? - BBC

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Nov 13, 2024  · This means Musk’s proposed cuts of $2 trillion would represent around a cut of around 30% of total federal government spending — also known as national spending in other …

bbc.com

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DOGE Federal Budget Overhaul: Musk And Ramaswamy’s $2 …

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3 days ago  · Billionaire Elon Musk Vivek Ramaswamy, (as head of newly formed Department of Government Efficiency (DOGE) has unveiled a master plan to reduce federal spending by $2 …

indiatimes.com

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Can Elon Musk Really Cut $2 Trillion In Government Spending ...

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Dec 19, 2024  · Based on the 2023 budget of $6.1 trillion, approximately $3.8 trillion is already committed to legally mandated programs like Social Security, Medicare, and veterans benefits. …

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How Trump Superfan Elon Musk’s Plan To Cut $2 Trillion In …

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Oct 30, 2024  · That means in addition to the pledged $2 trillion cut, Musk would have to slash a total of $3.5 trillion in government spending next year to offset the new debt forecast to created …

inc.com

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Musk Outlines $2 Trillion Federal Budget Reduction Plan

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Oct 29, 2024  · Elon Musk unveiled an ambitious plan to reduce federal spending by $2 trillion through a proposed Department of Government Efficiency (DOGE) during a Donald Trump …

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Attention DOGE And Elon Musk: Here’s How The Federal …

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3 days ago  · As the co-heads of the newly created Department of Government Efficiency, or DOGE, billionaires Elon Musk and Vivek Ramaswamy are promising to slash at least $2 trillion …

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How Donald Trump And Elon Musk Could Cut $2 Trillion In Spending

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Nov 8, 2024  · The real question isn't whether we can cut $2 trillion from a bloated $6.8 trillion federal budget—we absolutely can. After all, the government managed to function at $4.4 …

reason.com

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Can Trump And Musk Really Cut $2 Trillion In Federal Spending?

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Dec 3, 2024  · "At least $2 trillion" was Elon Musk's casual preelection response when asked how much a new Donald Trump administration could cut from the federal government. As a goal for …

reason.com

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Elon Musk’s $2 Trillion In U.S. Budget Cuts Could Bring Economic ...

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Oct 29, 2024  · But discretionary spending amounted to about $1.6 trillion in the 2024 fiscal year, meaning even if Musk could cut nearly every dollar at most federal agencies — ending some …

washingtonpost.com

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Musk Wants $2 Trillion Cut From US Budget. It’d Be Difficult - Yahoo

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Oct 28, 2024  · (Bloomberg) -- Elon Musk predicted he could cut at least $2 trillion from the US federal budget, a lofty goal that would require a level of austerity unprecedented since the …

yahoo.com

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Musk Draws Skepticism With Call For $2 Trillion In Spending Cuts

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Nov 3, 2024  · Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of …

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‘Your Money Is Being Wasted’: Elon Musk Just Claimed He Could Cut …

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Nov 1, 2024  · If Musk takes on the efficiency commission, he’ll face a formidable challenge. The federal government ran a $1.83 trillion deficit for the 2024 fiscal year. This is the amount by …

moneywise.com

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Can Elon Musk Save $2 Trillion For Donald Trump? - The Economic …

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Nov 28, 2024  · President-elect Donald Trump newest efficiency advisor, billionaire Elon Musk, wants to take at least $2 trillion off the top of the annual federal budget.Musk's budget-cutting …

indiatimes.com

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DOGE Can Find The $2 Trillion In Spending Cuts Musk Wants - Fox …

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Dec 6, 2024  · The Department of Government Efficiency (DOGE) will have a difficult time cutting $2 trillion from the federal budget, but that amount of saving can be achieved over time, …

foxbusiness.com

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Elon Musk Has New Idea For Donald Trump: Giant Budget Cuts

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Oct 28, 2024  · The federal government spent about $6.8 trillion in the 2024 budget year ― which ended Sept. 30 ― but only brought in about $4.9 trillion, resulting in the third largest deficit …

huffpost.com

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I Can Slash $2 Trillion From Federal Budget Without New Laws, Says …

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Nov 21, 2024  · Elon Musk has pledged to slash $2 trillion in government spending by taking on federal bureaucracy without passing any new laws.. The tech billionaire, who has been …

telegraph.co.uk

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'Your Money Is Being Wasted': Elon Musk Says He Can Cut $2 Trillion ...

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Elon Musk claimed he can eliminate at least $2 trillion from the federal budget, laying out his vision for substantial government spending cuts if Donald Trump wins the presidency.

hindustantimes.com

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How Elon Musk Pledges To Cut $2,000,000,000,000 From US …

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Nov 14, 2024  · Musk and Ramaswamy have vowed to shave $2 trillion from government spending, and with that being more than just a bit of pocket change, many are asking how the …

uniladtech.com

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Elon Musk Eyes $2 Trillion From US Budget. What Is Impact On

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Nov 1, 2024  · Media reports quoted Elon Musk saying he can slash $2 trillion, roughly 30%, of the $6 trillion-plus federal budget, though it will result in "temporary hardship" for Americans.. The …

usatoday.com

FAQs about Elon Musk $2 trillion federal spending cut: What's in the plan? Coupon?

Will Elon Musk take $2 trillion off the federal budget?

Elon Musk, wants to take at least $2 trillion off the top of the annual federal budget. But is that proposal realistic? Trump has picked Elon Musk and Vivek Ramaswamy to head Department of Government Efficiency ...

How much money will Elon Musk cut?

This means Musk’s proposed cuts of $2 trillion would represent around a cut of around 30% of total federal government spending — also known as national spending in other countries. When does he become president again? Who has Trump appointed to his top team so far? Why is Elon Musk Trump's efficiency tsar? How realistic is that proposal? ...

How do Trump and Elon Musk plan to slash federal spending?

Trump and Musk plan to slash federal spending. A closer look at how they aim to do it. President-elect Donald Trump has floated establishing a “Department of Government Efficiency” to make steep cuts to the U.S. federal budget and appointing allies billionaire Elon Musk and former Republican presidential candidate Vivek Ramaswamy to run it. ...

Will Elon Musk and Vivek Ramaswamy slash $2 trillion from federal budget?

Elon Musk and Vivek Ramaswamy, now leading the Department of Government Efficiency (DOGE), have unveiled a sweeping plan to slash $2 trillion from the federal budget. Billionaire Elon Musk Vivek Ramaswamy, (as head of newly formed Department of Government Efficiency (DOGE) has unveiled a master plan to reduce federal spending by $2 trillion. ...

Can Elon Musk save $2 trillion?

Elon Musk claims he can save at least $2 trillion from the federal budget, laying out a vision of substantial spending cuts if Donald Trump wins the presidency Elon Musk claimed he can eliminate at least $2 trillion from the federal budget, laying out his vision for substantial government spending cuts if Donald Trump wins the presidency. ...

How do Elon Musk and Vivek Ramaswamy plan to cut $2 trillion?

Elon Musk and Vivek Ramaswamy plan to cut $2 trillion from the federal budget by targeting agencies like the IRS and Department of Education, reevaluating defense spending, and addressing wasteful government expenses. What is the Department of Government Efficiency (DOGE)? ...

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