Elon Musk, who U.S. President-elect Donald Trump has tapped to oversee a government cost-cutting effort, acknowledged that his declared goal of cutting $2 trillion in spending from the $6.8 trillion federal budget would be a long shot.

By Bill Pan Contributing Writer Elon Musk, whom President-elect Donald Trump tapped to lead a task force to slash government spending, has downsized an ambitious goal of cutting at least $2 […]

Elon Musk is backing away from his campaign trail commitment to trim $2 trillion in government spending. While stumping for Donald Trump days before November’s presidential election, the billionaire GOP donor told cheering fans he would help the new administration cut “at least” that amount from the federal budget.

Billionaire Elon Musk expressed doubt that his government efficiency panel in President-elect Donald Trump’s incoming administration will actually be able to achieve $2 trillion in cuts to the US federal budget,

Elon Musk walked back his previous claim that he could cut at least $2 trillion from the federal budget, saying Wednesday that half that amount would be “an epic outcome.”

Elon Musk backtracked on his claim that his fake government department, the Department of Government Efficient (DOGE), will achieve $2 trillion in budget cuts. Following his generous contributions to Donald Trump’s presidential campaign,