Tech billionaire Elon Musk backtracked on his earlier goal to find $2 trillion in savings for President-elect Donald Trump, now saying there is only a “good shot” at cutting half that amount. Musk, co-leading the Department of Government Efficiency, lowered his estimate after previously claiming he could cut the federal budget by at least $2 trillion, a figure that was deemed implausible by experts. Musk and Vivek Ramaswamy are expected to propose cuts to mandatory programs like Medicaid to achieve significant savings, with Musk hoping for an “epic outcome” of reducing the budget deficit by $1 trillion.
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Kevin Hassett says if Senate finds Medicare abuse, then “we would look at it” in Trump bill
Kevin Hassett, director of the White House National Economic Council, clarified that the Trump administration is not targeting Medicare in its budget proposal but is open to addressing any identified fraud or abuse. He dismissed claims of Medicare cuts as "fake news," while Senate Republicans work on the House-passed budget bill, which includes significant tax cuts and changes to Medicaid. Some GOP senators express concerns over the Medicaid provisions, highlighting the need for careful negotiation...
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