Billionaire Elon Musk appears at the White House, telling reporters his cost-saving measures are essential.
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00:00Now, Tesla and SpaceX CEO Elon Musk has made a surprise first appearance at the White House
00:07alongside President Donald Trump.
00:09The tycoon, tasked by Trump to lead federal cost-cutting efforts through his Department
00:15of Government Efficiency, spoke to reporters in the Oval Office.
00:20He denied leading a hostile takeover of the government and defended his plans, warning
00:25that America would go bankrupt without them.
00:29Here's a reminder of what he had to say.
00:59And if that just keeps going, we're essentially going to bankrupt the country.
01:02So what I really want to say is, it's not optional for us to reduce the federal expenses.
01:08It's essential.