Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Sirika Denies Spending N100b On Failed Nigeria Air Project

    September 3, 2025

    Ex-IGP Solomon Arase Dies In Abuja

    August 31, 2025

    Colombian Vice-President Arrives Nigeria on 3-Day Working Visit

    August 30, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Sirika Denies Spending N100b On Failed Nigeria Air Project
    • Ex-IGP Solomon Arase Dies In Abuja
    • Colombian Vice-President Arrives Nigeria on 3-Day Working Visit
    • IGP Charges Sowore With False Publication, Forgery
    • US Court Jails Nigerian Monarch, Oloyede for $4.2m COVID-19 Relief Fund
    • Premier League: Rio Ngumoha The Hero As Liverpool Beat Newcastle 3 -2
    • Tottenham Leads Premier League Table After 2 Nil Victory Against Man City
    • Tinubu Mourns Late Journalist, Evelyn Osagie
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Friday, September 5
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » Elon Musk Warns US Will Go ‘Bankrupt’ Without Budget Cuts
    2 Mins ReadFebruary 12, 2025

    Elon Musk Warns US Will Go ‘Bankrupt’ Without Budget Cuts

    By Amina MohammedFebruary 12, 2025No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    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.

    Musk leads the efforts under the newly created Department of Government Efficiency (DOGE), and was speaking at the White House with Trump, who has in recent weeks issued a flurry of orders aimed at slashing federal spending.

    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.

    “It’s not optional” for Washington to reduce federal expenses, he told reporters. “It’s essential.”

    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.

    Trump’s sweeping plans, which have effectively shuttered some federal agencies and sent staff home, have sparked legal battles across the country.

    Multiple lawsuits seek to halt what opponents characterize as an illegal power grab.

    Meanwhile, Musk’s team has moved through federal agencies, freezing aid programs and pushing workforce reductions.

    An executive order outlining the scope of DOGE included details of a federal workforce reduction plan that will restrict agencies to hire only one employee for every four that depart.

    The order also requires the head of each agency to consult with DOGE when deciding which vacancies to fill.

    Asked to respond to criticism, Musk said that Americans voted for “major government reform,” an issue that Trump spoke about at rallies.

    And Musk, who also heads SpaceX and Tesla, said he is seeking to be as transparent as possible when asked about potential conflicts of interest.

    Musk’s role faces criticism in part because his companies have had huge US government contracts.

    The DOGE reform team has triggered alarm among critics as well by gaining access through the US Treasury to sensitive data.

    AFP

    Author

    • Amina Mohammed
      Amina Mohammed

      View all posts
    Donald Trump Elon Musk
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Amina Mohammed

    Related Posts

    Aviation

    Sirika Denies Spending N100b On Failed Nigeria Air Project

    September 3, 2025
    Breaking News

    Ex-IGP Solomon Arase Dies In Abuja

    August 31, 2025
    Breaking News

    Colombian Vice-President Arrives Nigeria on 3-Day Working Visit

    August 30, 2025
    Breaking News

    IGP Charges Sowore With False Publication, Forgery

    August 27, 2025
    Breaking News

    US Court Jails Nigerian Monarch, Oloyede for $4.2m COVID-19 Relief Fund

    August 27, 2025
    Featured

    Premier League: Rio Ngumoha The Hero As Liverpool Beat Newcastle 3 -2

    August 26, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    Sirika Denies Spending N100b On Failed Nigeria Air Project

    September 3, 2025

    Ex-IGP Solomon Arase Dies In Abuja

    August 31, 2025

    Colombian Vice-President Arrives Nigeria on 3-Day Working Visit

    August 30, 2025

    IGP Charges Sowore With False Publication, Forgery

    August 27, 2025
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.