Elon Musk walked back his previous claim that he could cut at least $2 trillion from the federal budget, saying Wednesday that half that amount would be “an epic outcome.”

Key Takeaways Elon Musk said Wednesday that his goal of cutting $2 trillion in government spending may be a difficult number to reach, with half that figure more likely.Musk said in an interview that cutting waste in the federal government is a "target rich environment,

Tech billionaire Elon Musk said Wednesday that his budget-cutting effort on behalf of President-elect Donald Trump would most likely not find $2 trillion in savings, backtracking on a goal he set earlier as co-head of a new advisory body,