Elon Musk, appointed by President Trump to lead federal cost-cutting efforts, warns that the US faces bankruptcy without budget reductions. His statements come amid legal challenges to Trump's cost-cutting measures and concerns about Musk's potential conflicts of interest.
Tech billionaire Elon Musk , appointed by President Donald Trump to lead federal cost-cutting efforts, warned on Tuesday that the United States would face bankruptcy without budget reductions. Musk, heading the newly established Department of Government Efficiency (DOGE), spoke at the White House alongside Trump, who has recently issued a series of executive orders aimed at slashing federal spending. Musk specifically highlighted the nation's budget deficit, which exceeded $1.
8 trillion in the previous fiscal year, and criticized the high interest payments on the public debt. 'It's not optional' for Washington to reduce federal expenses, he told reporters. 'It's essential.' These remarks came as the Trump administration found itself embroiled in legal disputes with US courts, as federal judges raised concerns about the legality of White House cost-cutting measures. Trump's sweeping plans, which have effectively shut down certain federal agencies and sent staff home, have ignited legal battles across the country. Multiple lawsuits are seeking to halt what opponents portray as an illegal power grab. Meanwhile, Musk's team has been traversing federal agencies, freezing aid programs and pushing for workforce reductions. An executive order outlining the scope of DOGE included details of a federal workforce reduction plan that would limit agencies to hiring one employee for every four that leave. The order also mandates that the head of each agency consult with DOGE when deciding which vacancies to fill. Responding to criticism, Musk asserted that Americans voted for 'major government reform,' an issue that Trump frequently addressed during campaign rallies. Musk, who also heads SpaceX and Tesla, stated that he is striving for maximum transparency regarding potential conflicts of interest. Musk's role has drawn criticism, partly because his companies have received substantial US government contracts. The DOGE reform team has also alarmed critics by gaining access through the US Treasury to sensitive data
FEDERAL BUDGET ELON MUSK DEPARTMENT OF GOVERNMENT EFFICIENCY DONALD TRUMP GOVERNMENT REFORM
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