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DOGE not playing anymore? Musk significantly revised down the 2026 budget cut target from 2 trillion to 150 billion.
Tesla CEO Elon Musk, who leads the government efficiency department (DOGE), once boasted that he would save up to 2 trillion yuan in the government budget for the fiscal year from October 2025 to September 2026, but he reduced the budget reduction target to $150 billion in the cabinet meeting held on the 10th. (Synopsis: Musk scolds Trump tariff adviser: The head is stupider than a brick, Tesla's stock price has fallen 40% this year) (Background supplement: Foreign media revealed that Musk "privately lobbied Trump" to withdraw tariffs but failed, and the White House trade adviser: brain problem) Tesla CEO Elon Musk told U.S. President Donald Trump at a cabinet meeting on Thursday that the Department of Government Efficiency (DOGE) projected $150 billion in federal budget cuts for the federal fiscal year October 2025-September 2026: I'm pleased to announce that we expect to save $150 billion in 2026 by cutting waste and fraud that will actually serve the American people better. This is far lower than Musk's claim, the budget cut he shouted during the 2024 US presidential election was $2 trillion, Trump took office, cut it in half to $1 trillion, and now he has lowered the target again. According to the DOGE website, the department claims to have saved about $150 billion through the cancellation of contracts, grants and leases, but it is not clear whether Musk's proposed $150 billion cut is the ultimate goal or the amount that has been found to be saved, and he maintained last month that he would reduce expenses by $1 trillion by the end of May. The New York Times quoted White House officials as insisting that the $1 trillion savings "remain the goal." Trump praised the efforts of the DOGE team at the Cabinet meeting, and Musk's tenure in the White House, which is expected to end in May, is a special government employee whose 130-day federal term is about to expire, and the White House has said he plans to leave when his term expires. DOGE's credibility questioned It is worth noting that the frequent information errors and calculation errors on DOGE's official website make it difficult to believe whether the $150 billion savings are true, and the team has previously removed several contract cases from the "cost saving proof wall" after media reports questioned some of the claims. For example, a $8 billion savings, which were originally claimed to be $8 billion in savings, were later pointed out by suppliers as a clerical error in the procurement record, but in fact it should have been $8 million, and DOGE corrected the data, and DOGE boasted of canceling the Treasury's $1.9 billion contract with Century Technology, which was later slapped in the face, and Century Technology said that the cooperation plan had been canceled as early as Biden's term. Related reports Musk and Trump turned their faces? Attack tariff barriers and support Europe and the United States to build a "zero tariff" free trade area Anti-Trump protests broke out in many places in the United States, and more than 600,000 people took to the streets to ask Musk to take away the "dirty hands" involved in politics Trump: I don't want Musk to leave the White House and return to Tesla, and will try his best to keep it "DOGE is not playing? Musk sharply revised down the 2026 budget deletion target, leaving 150 billion magnesium in 2 trillion magnesium" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".