Tech billionaire Elon Musk, appointed by President Trump to lead federal cost-cutting efforts, warned on Tuesday that the United States would face bankruptcy without budget reductions. Musk, heading the newly created Department of Government Efficiency (DOGE), spoke at the White House alongside Trump, who has issued several orders aimed at slashing federal spending. Musk highlighted the country's budget deficit and high interest payments on the public debt. However, the administration faces legal challenges as federal judges question the legality of White House cost-cutting measures. Musk's team has implemented budget cuts and workforce reductions across federal agencies, drawing criticism and concerns about potential conflicts of interest.
Tech billionaire Elon Musk , who has been tapped by President Donald Trump to lead federal cost-cutting efforts, said Tuesday that the United States would go “bankrupt“ without budget cuts .
In particular, Musk pointed to the country's budget deficit, which topped $1.8 trillion in the last fiscal year, and took aim at high interest payments on the public debt.The remarks, however, came as the Trump administration finds itself on a collision course with the US courts, as federal judges questioned the legality of White House cost-cutting measures.
BUDGET CUTS BANKRUPTCY ELON MUSK DONALD TRUMP GOVERNMENT REFORM
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