“I’m excited to announce that we anticipate savings in fiscal year 2026 from reduction of waste and fraud by $150 billion,“ Musk told US president Donald Trump at a White House cabinet meeting that was open to the media.
The Tesla tycoon, who is Trump's advisor on sharply reducing federal spending, had claimed recently that savings achieved by his Department of Government Efficiency would be a trillion dollars.
The DOGE reform team has triggered alarm among critics as well by gaining access through the US Treasury to sensitive data.
At the cabinet meeting, Trump said Musk's DOGE teams were “fantastic” and urged them to stay in place for the “long haul” to carry out more cost-cutting.
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