Official announcements from the White House or government records

Elon Musk Promises $2 Trillion Cut in Federal Spending via Department of Government Efficiency at Trump Rally in Madison Square Garden

Oct 27, 2024, 11:11 PM

At a rally in New York City, Elon Musk announced plans to establish the Department of Government Efficiency (D.O.G.E.) if Donald Trump is elected president. Musk claimed that his initiative could reduce U.S. federal spending by at least $2 trillion annually, addressing what he described as wasteful expenditures within the current budget, which he cited as approximately $6.5 trillion. Musk emphasized that all government spending equates to taxation and asserted that the proposed department would rectify inefficiencies in government spending. His remarks were made during a Trump rally at Madison Square Garden, where he was introduced as the co-founder of D.O.G.E.