Tesla, SpaceX, and Starlink CEO Elon Musk announced during a Cabinet meeting on Thursday the projected savings the Department of Government Efficiency (DOGE) is expected to deliver next year for U.S. taxpayers by reducing government waste.
Speaking in the West Wing’s Cabinet Room before the president’s top officials, Musk stated that DOGE is on track to save $150 billion in fiscal year 2026.
“Thanks to your fantastic leadership, this amazing Cabinet and the very talented DOGE team, I’m excited to announce that we anticipate savings in FY 26 from reduction of waste and fraud by $150 billion,” Musk said, as DailyMail.com reported.
He went on to note that several government programs his DOGE team has discovered are “absurd” and “crazy.”
“Like people getting unemployment insurance who haven’t been born yet,” he said.
Despite the staggering amount projected to be saved next fiscal year, the estimate falls well short of the group’s original target for cutting federal payroll expenses.
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