How Elon Musk's US govt efficiency panel might work to save $2 trillion

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How Elon Musk's US govt efficiency panel might work to save $2 trillion - Business Standard

Quick Summary:

Donald Trump has tasked Elon Musk with setting up a panel to streamline the U.S.government.

Trump and Musk have suggested the panel will be able to make dramatic cuts, but generally speaking large budgetary actions are the remit of Congress.

Discretionary spending, including defense spending, is estimated to total $1.9 trillion out of $6.75 trillion in total federal outlays for fiscal 2024, according to the Congressional Budget Office, suggesting Musk's target would be very difficult to meet.