Elon Musk said on Thursday that his attempt to reduce the spending of the US federal state is expected to lead to an annual savings of $ 150 billion – a significantly smaller amount than he had initially promised. “I am happy to announce that we are expecting $ 150 billion in the financial year 2026 thanks to a reduction in waste and fraud,” the multimedus said, addressing President Donald Trump during a cabinet open to the press. For the US federal state, the financial year 2026 begins on October 1, 2025 and ends on September 30, 2026. According to Elon Musk, the cuts will carry “better services for Americans”. Appointed by Donald Trump, head of the presidency’s committee on “Doge”, the richest man in the world initially stated that the federal state’s budget, about $ 7 trillion today, would decline by 2 trillion. dollars. He then described 1 trillion saving in January. “Super result” dollar. […]
Source: News Beast
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