Fri Apr 11 00:04:42 UTC 2025: ## Musk Claims $150 Billion in Federal Savings, Down from Trillion-Dollar Estimate
**Washington D.C.** – Elon Musk, advisor to President Trump on federal spending, announced Thursday that his cost-cutting initiatives are projected to save the US government $150 billion in fiscal year 2026. This represents a significant revision from previous estimates, which had reached as high as $2 trillion.
Speaking at a White House cabinet meeting, Musk attributed the savings to the reduction of waste and fraud. He asserted that these cuts will not only reduce the national debt but also improve government services for citizens. The announcement comes despite earlier claims by Musk that his Department of Government Efficiency would achieve savings in the trillions.
Musk’s role, set to conclude next month, has faced scrutiny due to his companies’ substantial government contracts. Further controversy surrounds his “DOGE reform team,” which has raised concerns after gaining access to sensitive Treasury data. Despite the criticism, President Trump praised the team as “fantastic” and urged them to continue their cost-cutting efforts. The significant downward revision in projected savings is likely to fuel further debate surrounding Musk’s effectiveness and the methods employed by his teams.
First Piper 