NewsBite

Musk wants a $3 trillion cut from the US budget. It’d be difficult

Washington | Elon Musk predicted he could cut at least $US2 trillion ($3 trillion) from the US federal budget, a lofty goal that would require a level of austerity unprecedented since the winding down of World War II.

His target, mentioned at Donald Trump’s Sunday rally in Madison Square Garden, exceeds the amount Congress spends annually on government agency operations, including defence. It would likely require making significant cuts to popular entitlement programs such as Social Security, Medicare, Medicaid and veterans’ benefits.

Loading...

Bloomberg

Latest In North America

Fetching latest articles

Most Viewed In World

    Original URL: https://www.afr.com/world/north-america/musk-wants-3trn-cut-from-the-us-budget-it-d-be-difficult-20241029-p5km44