President Donald Trump and Elon Musk defended the DOGE-led federal workforce overhaul in a Fox News interview Tuesday. Trump addressed inflation concerns, while economists warned his global tariffs could worsen inflation. He distanced himself from the issue, blaming the Biden administration's spending policies. Trump dismissed concerns over Musk's government contracts, while Musk said he would recuse himself if necessary. Musk defended the Department of Government Efficiency, arguing that it's restoring the will of the people. He reaffirmed a $1 trillion budget-cut goal, with Trump praising his cost-cutting efforts.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump and Elon Musk defended the Doge-led federal workforce overhaul in a Fox
00:07News interview Tuesday. Trump addressed inflation concerns while economists warned his global
00:12tariffs could worsen inflation. He distanced himself from the issue, blaming the Biden
00:16administration's spending policies. Trump dismissed concerns over Musk's government
00:21contracts while Musk said he would recuse himself if necessary. Musk defended the Department of
00:27Government Efficiency, arguing that it was restoring the will of the people. He reaffirmed
00:32a $1 trillion budget cut goal, with Trump praising his cost-cutting efforts.