Elon Musk, who was tapped by President Donald Trump to run the Department of Government Efficiency, said Thursday his goal of slashing $1 trillion in federal spending could be achieved without impacting services.
Musk told Fox News he was confident DOGE could find $1 trillion in savings, slimming current total federal spending levels of about $7 trillion down to $6 trillion.
"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 estimated it has saved U.S. taxpayers $115 billion as of Monday through a series of actions, including workforce reductions, asset sales and contract cancellations.