Close Menu
Get on News
  • United States
  • World
  • Politics
  • Business
  • Finance
  • Lifestyle
  • Sports
  • Videos
Trending
George Wendt’s mistaken jabs at John Boehner link ‘Cheers’ and Ohio politics

George Wendt’s mistaken jabs at John Boehner link ‘Cheers’ and Ohio politics

Caitlin Clark watches Pacers take down Knicks to earn trip to NBA Finals

Caitlin Clark watches Pacers take down Knicks to earn trip to NBA Finals

Dem Rep. Nadler aide detained by DHS agents in Manhattan office

Dem Rep. Nadler aide detained by DHS agents in Manhattan office

Facebook X (Twitter) Instagram
Get on News
  • United States
  • World
  • Politics
  • Business
  • Finance
  • Lifestyle
  • Sports
  • Videos
Facebook X (Twitter) Instagram
Subscribe
Trending Topics:
  • US Election
  • Donald Trump
  • Kamala Harris
  • Entertainment
  • Health
  • Technology
  • Travel
  • Ukraine War
  • Israel War
Get on News
  • United States
  • World
  • Politics
  • Business
  • Finance
  • Lifestyle
  • Sports
  • Videos
Politics

Musk confident DOGE will save $1 trillion as government cost cutting continues

News RoomBy News RoomMay 30, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link Telegram LinkedIn Tumblr Email
Musk confident DOGE will save  trillion as government cost cutting continues
Share
Facebook Twitter LinkedIn Pinterest Email

Tesla and SpaceX CEO Elon Musk wrapped up his time as the public face of DOGE in a press conference with President Donald Trump on Monday, leaving behind a total estimated $175 billion in government cost-cutting over the past few months. 

The $175 billion in savings from slashing government contracts, selling assets, identifying improper payments, and other cost-cutting measures amounts to $1,086.96 per each individual taxpayer, according to the DOGE website. 

The cuts took place all across the government, highlighted by a complete dismantling of USAID, where 83% of the agency’s programs and 5,200 contracts were canceled following the conclusion of a six-week review by DOGE.

Trump discussed some of the other more significant cuts in the Friday press conference.

FLASHBACK: TOP FIVE WILDEST MOMENTS FROM ELON MUSK’S DOGE TENURE AS IT COMES TO AN END

“$20 million for Arab Sesame Street in the Middle East,” Trump said. “Nobody knows what that’s all about. Nobody’s been able to find it. $8 million for making mice transgenders. So they spent $8 million in making mice transgender. And those are better than many others. I could sit here all day and read things just like that.”

While some outlets, including The New York Times and BBC News, have disputed DOGE’s $175 billion estimate and argued the true number is smaller, Musk told reporters in the Oval Office on Friday that the savings will continue to build, and he is confident the total cuts will amount to $1 trillion in the coming years. 

WHAT’S NEXT FOR DOGE AFTER ELON MUSK’S DEPARTURE? ‘ONLY JUST BEGUN’

Elon Musk at White House

“The DOGE influence will only grow stronger,” Musk said. “I liken it to a sort of person of Buddhism. It’s like a way of life so it is permeating throughout the government. And I’m confident that over time, we’ll see $1 trillion of savings, and a reduction in $1 trillion of waste, fraud reduction.”

Additionally, Musk said that the DOGE cuts would soon hit the $200 billion threshold for fiscal year 25-26.

From the start, DOGE was hit with not only a tsunami of negative press and outraged Democratic lawmakers, but also a series of lawsuits, which bogged it down in protracted legal battles as Musk struggled to reach his original estimates of $1-2 trillion in cuts. 

A DOGE protester holds a sign in Parkersburg, West Virginia on Tuesday.

This, coupled with the reality of most of the major end cuts requiring congressional approval to carry out, relegated DOGE’s impact on cutting around the edges of the big programs and agencies it likely would have liked to eliminate entirely.

Musk was asked on Friday what the biggest “roadblock” was for him at DOGE.

“It’s mostly just a lot of hard work,” Musk responded. “It’s really not any one person or Congress. It’s going through really millions of line items and saying just each one of them makes sense or does not make sense.”

“Obviously, at times when you cut expenses, those who are receiving the money, whether they receive, whether they’re receiving that money legitimately or not. They do complain, and you’re not going to hear someone confessing that they received money inappropriately. Never. They’re going to always say that they received money appropriately for a report. Of course, naturally, that’s what you’d expect.”

Fox News Digital’s Peter Pinedo contributed to this report.

Read the full article here

Follow on Google News Follow on Flipboard
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link

Related News

George Wendt’s mistaken jabs at John Boehner link ‘Cheers’ and Ohio politics

George Wendt’s mistaken jabs at John Boehner link ‘Cheers’ and Ohio politics

June 1, 2025
Elon Musk denies taking ketamine in X reply to bizarre spoon balancing video

Elon Musk denies taking ketamine in X reply to bizarre spoon balancing video

June 1, 2025
Trump warns Rand Paul he’s playing into ‘hands of the Democrats’ with ‘Big, Beautiful Bill’ opposition

Trump warns Rand Paul he’s playing into ‘hands of the Democrats’ with ‘Big, Beautiful Bill’ opposition

June 1, 2025
Leave A Reply Cancel Reply

Demo
Latest News
George Wendt’s mistaken jabs at John Boehner link ‘Cheers’ and Ohio politics

George Wendt’s mistaken jabs at John Boehner link ‘Cheers’ and Ohio politics

Caitlin Clark watches Pacers take down Knicks to earn trip to NBA Finals

Caitlin Clark watches Pacers take down Knicks to earn trip to NBA Finals

Dem Rep. Nadler aide detained by DHS agents in Manhattan office

Dem Rep. Nadler aide detained by DHS agents in Manhattan office

Denali National Park introduces adorable new sled dogs, live Puppy Cam

Denali National Park introduces adorable new sled dogs, live Puppy Cam

Trending
George Wendt’s mistaken jabs at John Boehner link ‘Cheers’ and Ohio politics

George Wendt’s mistaken jabs at John Boehner link ‘Cheers’ and Ohio politics

June 1, 2025
Caitlin Clark watches Pacers take down Knicks to earn trip to NBA Finals

Caitlin Clark watches Pacers take down Knicks to earn trip to NBA Finals

June 1, 2025
Dem Rep. Nadler aide detained by DHS agents in Manhattan office

Dem Rep. Nadler aide detained by DHS agents in Manhattan office

June 1, 2025

Subscribe to News

Get the latest news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2025 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.