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,

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.”

Billionaire Elon Musk expressed doubt that his government efficiency panel in President-elect Donald Trump’s incoming administration will actually be able to achieve $2 trillion in cuts to the US federal budget,

While campaigning for Donald Trump in October, Elon Musk claimed he could slash “at least $2 trillion” in government spending. Now that Musk has started laying the groundwork for his so-called “Department of Government Efficiency,

Elon Musk on Wednesday backtracked on his goal to cut $2 trillion from the U.S. budget in his role as the co-head of DOGE, Donald Trump’s proposed new advisory body which aims to slash waste and regulations to lower taxes.