Elon Musk, tasked by President Trump to lead federal cost-cutting efforts, stated Tuesday the US would face bankruptcy without budget reductions. Musk, heading the newly formed Department of Government Efficiency (DOGE), highlighted the nation's $1.8 trillion deficit and high interest payments on public debt. However, the Trump administration faces legal challenges over its cost-cutting measures, which have resulted in agency closures and staff furloughs. Musk's team is implementing workforce reductions and freezing aid programs. Despite criticism, Musk maintains transparency and emphasizes Trump's campaign promise of government reform. Concerns have also arisen regarding DOGE's access to sensitive data through the US Treasury.
Tech billionaire Elon Musk , who has been tapped by President Donald Trump to lead federal cost-cutting efforts, said the United States would go "bankrupt" without budget cuts .Tech billionaire Elon Musk , who has been tapped by President Donald Trump to lead federal cost-cutting efforts, said Tuesday that the United States would go"bankrupt" without budget cuts .
In particular, Musk pointed to the country's budget deficit, which topped $1.8 trillion in the last fiscal year, and took aim at high interest payments on the public debt.The remarks, however, came as the Trump administration finds itself on a collision course with the US courts, as federal judges questioned the legality of White House cost-cutting measures., which have effectively shuttered some federal agencies and sent staff home, have sparked legal battles across the country.
The order also requires the head of each agency to consult with DOGE when deciding which vacancies to fill.
BUDGET CUTS ELON MUSK DONALD TRUMP DEPARTMENT OF GOVERNMENT EFFICIENCY US DEBT
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