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Al Jazeera
Al Jazeera
Politics

Trump says he could give 20% of DOGE savings back to Americans

Elon Musk DOGE Donald Trump James Fishback X
US President Donald Trump speaks at the Future Investment Initiative Institute Priority Summit, in Miami Beach, Florida, on February 19, 2025 [Roberto Schmidt/AFP]

United States President Donald Trump has proposed using some of the savings from tech billionaire Elon Musk’s cost-cutting drive to give Americans cash and pay down government debt.

Speaking at an investment summit hosted by Saudi Arabia’s sovereign wealth fund in Miami Beach, Florida, on Wednesday, Trump said he was considering using 20 percent of the savings for payouts to the public and 20 percent to pay down the federal government’s $36 trillion debt.

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