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Home » News » Elon Musk touts $150B in savings in FY2026 — after claiming DOGE could cut $1T
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Elon Musk touts $150B in savings in FY2026 — after claiming DOGE could cut $1T

Emily CarterBy Emily Carter USA
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Elon Musk said that his government’s efficiency department will save $ 150 billion from the federal budget in fiscal year 2026, far from the $ 1 billion of technological titan, trusting that he could cut.

The Tesla CEO appeared at the west wing cabinet meeting of President Trump on Thursday to announce that the savings have found in their search for waste, fraud and abuse in executive branches.

The head of Doge, Elon Musk, at the Cabinet meeting on Thursday. AFP through Getty Images

“Thanks to its fantastic leadership, this incredible cabinet and the talented Duxt team, I am excited to announce that we anticipate savings in [Fiscal Year] ’26 of the reduction of waste and fraud at $ 150 billion, ”proclaimed triumphant Musk.

In an interview last month, Musk boasted that bureaucratic geniuses could reduce $ 1 billion in federal expenses within the first 130 days of his mandate as a special government employee.

“Our goal is to reduce the deficit in a billion dollars. From a two billion nominal deficit, to try to reduce the deficit in half to one billion,” Musk told Fox News “Brett Baier.

“I think we have achieved most of the job application to reduce the deficit in a billion dollars within that period of time,” said Spacex CEO, and then emphasizing that the pronounced amount will be reduced within the weekly long period.

Elon Musk is a special government employee with just a 130 -day contract. Reuters

The $ 150 billion brand results in savings for US taxpayers of $ 931,68 each, according to the Doge website, which lists the cuts to the Department of Health and Human Services, the Department of Education and the Administration of General Services such as producing the most savings.

As part of its measures to eliminate waste and abuse, Dege on Thursday that millions of dollars in employment claims have gone to “false people”, including some who have been born yet.

Dege said in an X publication that since 2020, 24,500 people over 115 claimed $ 59 million in unemployment benefits, 28,000 people between the ages of 1 and 5 years claimed $ 254 million for benefits and 9,700 people with birth dates of more than 15 years in the future claimed $ 69 million in benefits.

Elon Musk with Doge team members during a joint interview where some of the new agency’s findings announced. Fox News

In the most atrocious case, a person claimed $ 41,000 and listed with 2154 as a year of birth, Dege accused.

“Its tax dollars were going to pay fraudulent unemployment claims for false people born in the future! This is so crazy that I had to read it several times before it sink,” Musk wrote in X in reference to discordant data.

“Or for the course, young children and someone with a 129-year-old birth date in the future are unemployed, but they definitely do not qualify for ampleoy benefits,” Joni Ernst (R-IIWA) told Senator Joni Ernst (R-IIWA) to the post.

Meanwhile, Musk and Trump’s Doge project received a victory on Tuesday, with judges in the fourth Court of Appeals of the United States Circuit, deciding that the president is empowered to fire federal workers, after a lower court tried to order the employees of the Fedal government.

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