Elon Musk and Vivek Ramaswamy were tasked by President-elect Donald Trump to lead an effort to find and cut federal spending.

While 2024 was a record revenue year, it was also a record spending year; spending is growing faster. Read more here.

The current gap between US federal spending and tax revenue is larger than ever outside of major war or crisis. Federal ...

Elon Musk and Vivek Ramaswamy said this week that they plan to target billions of dollars in “unauthorized” federal spending as ... As the chart below shows, veterans’ healthcare is by ...

I think if we try for $2 trillion, we’ve got a good shot at getting 1 [trillion],” Musk said in a January interview.

and cutting down spending on necessities, a new survey from the Federal Reserve Bank of Philadelphia found. That doesn't leave much space for discretionary spending, which could be adding to their ...