Elon Musk proposed reducing U.S. federal spending by at least $2 trillion if Donald Trump secures the presidency, promising to get the government off your back and out of your pocketbook. Speaking at Trump’s New York rally, Musk shared plans for a new Department of Government Efficiency, or DOGE, referencing a cryptocurrency he supports. The $2 trillion cuts have drawn criticism over Musk’s conflict of interest due to his companies’ substantial federal contracts. Musk has committed $132 million to support Trump and other Republicans, intensifying his political influence.
