Elon Musk said Wednesday that his government cost-cutting initiative has saved $160 billion, according to CNBC. Speaking at the White House, Musk seemed to bid farewell to President Donald Trump’s Cabinet. Trump praised Musk’s service through the Department of Government Efficiency, which Musk will now scale back to just a day or two per week. Although Musk framed DOGE as a historic success, experts estimate it may ultimately cost taxpayers up to $135 billion this year due to disruptions in the federal workforce.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Elon Musk said Wednesday that his government cost-cutting initiative has saved $160 billion,
00:07according to CNBC. Speaking of the White House, Musk seemed to bid farewell to President Donald
00:12Trump's cabinet. Trump praised Musk's service through the Department of Government Efficiency,
00:17which Musk will now scale back just a day or two per week. Although Musk framed Doge as a historic
00:22success, experts estimate it may ultimately cost taxpayers up to $135 billion this year
00:29due to disruptions in the federal workforce. For all things money, visit Benzinga.com slash GSTV.