This “Six Penny Plan” would cut $329 billion in the first year beginning October 2025, but the measure was defeated in a 39-56 vote. The post Musk doubts likelihood of $2 trillion cut ...

the process will cut federal spending by at least $1.5 trillion over a decade. But the new version makes it much harder to know how big the cuts will be or what programs will be cut to hit that ...

A menu of tax cut proposals made by President Trump and Republicans could add north of $9 trillion to the nation’s deficits over the next decade without offsets, a recent analysis from the Peter G.

To understand the scheme, you have to go back to 2017, when Congress passed President Trump’s Tax Cut and Jobs Act, which included $2 trillion in tax reductions that mostly benefited the wealthy.

Musk told President Donald Trump’s cabinet the revised number in a meeting Thursday, back-tracking on his previous promises to cut $1 trillion in government spending by September 30, the end of ...

WASHINGTON — Elon Musk said Thursday that slashing a trillion in federal spending is “quite achievable” without impacting the core services — and vowed that Social Security recipients ...

said on Thursday he would finish most of the work to cut $1 trillion in federal spending when his tenure ends in as soon as 64 days. Musk told Fox News' "Special Report with Bret Baier" that he ...

The Senate plan will allow for a $4 trillion extension of Trump’s tax cuts and an additional $1.5 trillion in more tax reductions. The House plan called for $4.5 trillion in total cuts.