Elon Musk proposed reducing U.S. federal spending by at least $2 trillion if Donald Trump secures the presidency, promising to get the government off your back and out of your pocketbook. Speaking at Trump’s New York rally, Musk shared plans for a new Department of Government Efficiency, or DOGE, referencing a cryptocurrency he supports. The $2 trillion cuts have drawn criticism over Musk’s conflict of interest due to his companies’ substantial federal contracts. Musk has committed $132 million to support Trump and other Republicans, intensifying his political influence.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Elon Musk proposed reducing US federal spending by at least $2 trillion if Donald Trump secures
00:07the presidency, promising to get the government off your back and out of your pocketbook.
00:12Speaking at Trump's New York rally, Musk shared plans for a new Department of Government
00:16Efficiency, or DOGE, referencing a cryptocurrency he supports.
00:20The $2 trillion cuts have drawn criticism over Musk's conflict of interest due to his
00:25company's substantial federal contracts.
00:27Musk has committed $132 million to support Trump and other Republicans,
00:32intensifying his political influence.
00:33For all things money, visit Benzinga.com slash GSTV.