Musk confident DOGE will save $1 trillion as government cost cutting continues

Tesla and SpaceX CEO Elon Musk wrapped up his clip arsenic the nationalist look of DOGE successful a property league with President Donald Trump connected Monday, leaving down a full estimated $175 cardinal successful authorities cost-cutting implicit the past fewer months. 

The $175 cardinal successful savings from slashing authorities contracts, selling assets, identifying improper payments, and different cost-cutting measures amounts to $1,086.96 per each idiosyncratic taxpayer, according to the DOGE website. 

The cuts took spot each crossed the government, highlighted by a implicit dismantling of USAID, where 83% of the agency’s programs and 5,200 contracts were canceled pursuing the decision of a six-week reappraisal by DOGE.

Trump discussed immoderate of the different much important cuts successful the Friday property conference.

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President Donald Trump, right, and Elon Musk, main enforcement serviceman of Tesla Inc., during a quality league successful the Oval Office of the White House successful Washington connected May 30, 2025. (Francis Chung/Politico/Bloomberg via Getty Images)

"$20 cardinal for Arab Sesame Street successful the Middle East," Trump said. "Nobody knows what that's each about. Nobody's been capable to find it. $8 cardinal for making mice transgenders. So they spent $8 cardinal successful making mice transgender. And those are amended than galore others. I could beryllium present each time and work things conscionable similar that."

While immoderate outlets, including The New York Times and BBC News, have disputed DOGE’s $175 cardinal estimate and argued the existent fig is smaller, Musk told reporters successful the Oval Office connected Friday that the savings volition proceed to build, and helium is assured the full cuts volition magnitude to $1 trillion successful the coming years. 

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Elon Musk looks connected arsenic President Donald Trump meets South African President Cyril Ramaphosa. (AP/Evan Vucci)

"The DOGE power volition lone turn stronger," Musk said. "I liken it to a benignant of idiosyncratic of Buddhism. It's similar a mode of beingness truthful it is permeating passim the government. And I'm assured that implicit time, we'll spot $1 trillion of savings, and a simplification successful $1 trillion of waste, fraud reduction."

Additionally, Musk said that the DOGE cuts would soon deed the $200 cardinal threshold for fiscal twelvemonth 25-26.

From the start, DOGE was deed with not lone a tsunami of antagonistic property and outraged Democratic lawmakers, but besides a bid of lawsuits, which bogged it down successful protracted ineligible battles arsenic Musk struggled to scope his archetypal estimates of $1-2 trillion successful cuts. 

A DOGE protester holds a motion successful Parkersburg, West Virginia. (Fox News Digital)

This, coupled with the world of astir of the large extremity cuts requiring legislature support to transportation out, relegated DOGE’s interaction connected cutting astir the edges of the large programs and agencies it apt would person liked to destruct entirely.

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Musk was asked connected Friday what the biggest "roadblock" was for him astatine DOGE.

"It's mostly conscionable a batch of hard work," Musk responded. "It's truly not immoderate 1 idiosyncratic oregon Congress. It's going done truly millions of enactment items and saying conscionable each 1 of them makes consciousness oregon does not marque sense."

"Obviously, astatine times erstwhile you chopped expenses, those who are receiving the money, whether they receive, whether they're receiving that wealth legitimately oregon not. They bash complain, and you're not going to perceive idiosyncratic confessing that they received wealth inappropriately. Never. They're going to ever accidental that they received wealth appropriately for a report. Of course, naturally, that's what you'd expect."

Fox News Digital's Peter Pinedo contributed to this report.