US President Donald Trump’s adviser, Elon Musk, stated on Thursday that he expects to complete most of the work to cut $1 trillion in federal spending by the end of his tenure, which could be in as soon as 64 days.
In an interview with Fox News, Musk expressed confidence that his Department of Government Efficiency (DOGE) could identify $1 trillion in savings, reducing total federal spending from approximately $7 trillion to $6 trillion.
Musk was appointed by the White House as a special government employee, limiting his tenure to 130 days.
It was learned that his leadership of the DOGE initiative could conclude as early as the end of May.
“I think we will accomplish most of the work required to reduce the deficit by a trillion dollars within that time frame.
“The government is not efficient, and there is a lot of waste and fraud, so we feel confident that a 15% reduction can be done without affecting any of the critical government services,” Musk said.
DOGE estimates that, as of March 24, it has saved U.S. taxpayers $115 billion through measures such as workforce reductions, asset sales, and contract cancellations.
