Reference Message Network reported on April 11 according to AFP's report on April 10 that Elon Musk, head of the Department of Government Efficiency, said on April 10 that the plan to cut federal spending in the U.S. would save $150 billion in the next fiscal year, which is lower than its initial goal.
Reportedly, at a cabinet meeting open to the press, Musk told Trump, "I am pleased to announce that we expect to save $150 billion in the 2026 fiscal year by reducing waste and fraud." The U.S. government's 2026 fiscal year runs from October 2025 to September 2026.
Musk also said that these cuts "will provide Americans with the best services." The world's richest man, appointed by Trump as head of the Department of Government Efficiency, initially aimed to cut the federal budget by $2 trillion, while the current budget is $7 trillion. He then stated that saving $1 trillion would be considered a "great result."
It was reported that at the cabinet meeting, Trump called the performance of the government efficiency team "magical," and urged them to stay online on the "long road" of cutting public spending.
Original article: https://www.toutiao.com/article/7491934097573478938/
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