Despite Musk’s claims, the Trump administration’s spending is on pace to surpass Biden’s levels - MarketWatch
1. Musk asserts $1 trillion federal spending cut goal to decrease deficit. 2. The Department of Government Efficiency claims to have saved $130 billion. 3. Analysts challenge the verification of Musk's savings claims and their real impact. 4. Federal spending is projected to be 7.4% higher than last year. 5. Past spending cuts have not resulted in significant deficit reductions.