Loading...
Market
What amount of budget cuts will DOGE recommend in 2025?
3
Elon Musk•Department of Government Efficiency•DOGE•Mark Penn•Musk•Donald Trump•Madison Square Garden•Trump•Vivek Ramaswamy
Resolution / Starting Odds
Less than $500 billion • 25%
$500 billion to $1 trillion • 25%
More than $1 trillion • 25%
No recommendation • 25%
Official announcement from DOGE or federal government publications
Story
Elon Musk Revises DOGE Budget Cut Goal from $2 Trillion to $1 Trillion, Citing Best-Case Outcome
Jan 9, 2025, 12:35 PM
Elon Musk, co-head of the Department of Government Efficiency (DOGE), has backtracked on his earlier claim that the group could find $2 trillion in federal budget cuts from the $6.8 trillion federal budget. In a recent interview with Mark Penn, Musk described the $2 trillion target as a 'best-case outcome,' suggesting that achieving half that amount, or $1 trillion, might be more realistic. This adjustment comes after Musk had previously stated at a rally for President-elect Donald Trump at Madison Square Garden that he could cut at least $2 trillion from the federal budget. The DOGE, an advisory body without official authority, established by Trump in reference to an internet meme, aims to recommend ways to reduce federal spending and improve government efficiency. Musk and Vivek Ramaswamy, the other co-head of DOGE, are currently hiring for various positions to support their cost-cutting efforts, with plans to make recommendations after Trump is sworn in for his second term.
View original story
Similar markets
Up to $500 billion in cuts • 25%
More than $1 trillion in cuts • 25%
$500 billion to $1 trillion in cuts • 25%
No significant cuts achieved • 25%
$500 billion to $1 trillion • 25%
$1 trillion to $1.5 trillion • 25%
More than $1.5 trillion • 25%
Less than $500 billion • 25%
More than $2 trillion • 25%
$1 trillion to $2 trillion • 25%
$500 billion to $1 trillion • 25%
Less than $500 billion • 25%
Department of Education • 25%
Department of Health and Human Services • 25%
Department of Defense • 25%
Other • 25%
$250 billion to $500 billion • 25%
$500 billion to $1 trillion • 25%
Less than $250 billion • 25%
More than $1 trillion • 25%
Less than 5% • 25%
More than 15% • 25%
10% to 15% • 25%
5% to 10% • 25%
Favorable • 25%
Very favorable • 25%
Unfavorable • 25%
Very unfavorable • 25%
Yes • 50%
No • 50%
Rejected • 25%
No decision by deadline • 25%
Approved as proposed • 25%
Approved with modifications • 25%