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International Business Times

Mark Moore

Trump And Musk Take Surprise Turn In Mission To Slash Government Spending

Elon Musk SP Donald Trump Ed Yardeni Investor Business Daily SpaceX Tax Cuts

President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket on Nov. 19 in Brownsville, Texas. (Credit: Brandon Bell/Getty Images)

President-elect Donald Trump, by naming Elon Musk to head up a committee to slash government spending, has taken a surprise turn from his first term to a more austere outlook that is getting a warm welcome on Wall Street, according to a report.

Trump selected, Musk, the world's richest man to lead the Department on Government Efficiency, and the CEO of SpaceX and Tesla has targeted $2 trillion in annual government spending cuts, Investor's Business Daily reported.

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One subscription that gives you access to news from hundreds of sites

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