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Fortune
Fortune
Beatrice Nolan

Elon Musk drastically drops DOGE’s savings goal from $2 trillion to $150 billion for the year

Elon Musk wearing a “tech support” T-shirt. (Credit: Photo by JIM WATSON/AFP via Getty Images)
  • Elon Musk appeared to dramatically lower DOGE's savings goal, projecting $150 billion for the year—far short of his earlier trillion-dollar figure. However, questions remain about the savings claimed by the team, with critics pointing to inflated numbers, retracted claims, and a growing list of controversial cuts.

Elon Musk has said DOGE is drastically scaling back its savings aims. In a cabinet meeting on Thursday, Musk told Trump the group expected to slash $150 billion from the federal budget over the fiscal year, which runs from the beginning of October 2025 to the end of September 2026.

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