• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Elon Musk strategizes $1 trillion spending cuts with House DOGE panel in closed-door meeting

by March 6, 2025
written by March 6, 2025

Elon Musk met with a small group of House Republicans on Wednesday evening where he discussed avenues for cost savings in a quest to find as much as $1 trillion in government waste, people familiar with the discussion told Fox News Digital.

‘The executive DOGE team is confident, they think they can get $1 trillion,’ one lawmaker familiar with the meeting told Fox News Digital. ‘Now, we’ll see, right? And the thing is, he acknowledged that we’re going to make mistakes, but we’re going to correct them very quickly.’

The GOP lawmaker said some concerns were raised about whether other government offices like the Treasury Department ‘have the bandwidth to do’ what Musk is detailing. ‘And he says, ‘We’re gonna help them,” the lawmaker said.

Multiple sources said Musk met with the House DOGE subcommittee led by Rep. Marjorie Taylor Greene, R-Ga., for about 45 minutes before a wider meeting with the House GOP Conference.

Several people said Musk pointed to areas where the government could be made more efficient, including an audit of how many dead people were de-listed off some federal benefits like Social Security but still had taxpayer dollars going into their accounts for unemployment or other programs.

‘A lot of this is cross-referencing databases, making sure they’re talking to each other,’ Rep. Michael Cloud, R-Texas, a member of the subcommittee, told Fox News Digital.

Two lawmakers present for the meeting also said the idea of a congressional rescissions package was floated as another way to claw back excessive government spending, as Republicans and Democrats battle over giving President Donald Trump leeway to spend less money than Congress appropriates.

Rescissions authority is granted to Congress to allow for the cancelation of some planned government spending. 

It’s also among the special cases where the Senate only needs 51 votes to pass a bill, rather than 60 – meaning Senate Republicans can pass it without Democratic support.

Greene confirmed the sit-down to reporters but did not mention talk of congressional spending authority.

‘We had a very lengthy meeting, just my DOGE committee with Elon Musk and his team, and learned a lot of valuable information. The collaboration is going to be fantastic and it needs to happen,’ Greene said.

Also present at both of Musk’s House meetings was his adviser Steve Davis, people told Fox News Digital.

After the smaller-scale meeting, Musk had a wider discussion with House Republicans where he spoke for roughly 15 minutes and then took questions.

‘What we were doing was getting a deeper insight into what Elon Musk is doing and kind of being able to strategize with him, how we can coordinate what we’re doing,’ Rep. Brandon Gill, R-Texas, who is also on the DOGE subcommittee, told reporters.

Rep. Mike Haridopolos, R-Fla., told Fox News Digital that ‘systematically there were no checks in order to make sure the taxpayer dollars were spent correctly.’

He said Musk did not discuss other fiscal battles ongoing in Congress, and that Musk ‘was just trying to outline what they are finding in a very short period of time and how little accountability exists in the operating system of our government.’

‘It made me laugh and it made me sick all at the same time,’ Rep. Dan Meuser, R-Pa., told Fox News Digital. ‘The level of waste and what they are finding is mindblowing.’

Rep. Ralph Norman, R-S.C., said Musk was ‘just getting started.’

‘He just says, ‘I’m investigating and finding things that you really can’t argue with.’ He said he’s making mistakes, he’ll correct them, but his mission is to uncover where our tax money is. Let the chips fall where they may,’ Norman said.

It comes as some House Republicans have faced contentious town halls or demonstrations related to Musk and DOGE in their home districts. GOP lawmakers previously shared frustrations with Fox News Digital that they were often left somewhat in the dark on Musk’s work. 

Rep. Derrick Van Orden, R-Wis., told reporters he aired similar concerns in the closed-door meeting. Musk was receptive to those issue, he added.

‘I spoke to Elon specifically about this. There are our veterans and our farmers. So there’s a lot of angst going right now because people don’t understand what’s going on,’ Van Orden said. ‘And I expressed very clearly the concerns of our veterans community. And Mr. Musk was explicitly clear that we will make sure that we have no degradation of the benefits for our veterans that they have earned.’

The back-to-back House meetings for Musk came after he spoke with Senate Republicans in a similar closed-door setting.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump issues ‘last warning’ to Hamas terrorists, demands release of hostages: ‘HELL TO PAY’
next post
Trump guest shares special message to president after address to Congress

related articles

Why a credit freeze isn’t the end of...

February 21, 2026

Trump torches ‘stupid’ AOC’s Munich showing, tees up...

February 21, 2026

DAVID MARCUS: To burnish Trump’s legacy, we need...

February 21, 2026

BROADCAST BIAS: Idea of giving politicians equal time...

February 21, 2026

Israelis keep suitcases packed and ready as Trump...

February 21, 2026

EPA scraps Biden coal restrictions, and advocates say...

February 21, 2026

CIA retracts, revises 19 past intelligence assessments deemed...

February 21, 2026

Trump signs off on 10% global tariff, criticizes...

February 21, 2026

EPA scraps Biden coal restrictions as advocates say...

February 21, 2026

RFK Jr defends Trump move to protect pesticide...

February 20, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Hugo Boss sells Russian business to Stockmann, exits market over Ukraine invasion

    August 5, 2024
  • Trump admin urged to probe allegations pro-Hamas college groups had ‘prior knowledge’ of Oct 7 attack

    March 27, 2025
  • Trump legal cases in limbo after SCOTUS immunity ruling, freeing up schedule to campaign

    August 12, 2024
  • Ex-Clinton official applauds Trump’s ‘courageous’ Iran call, doubts Harris would’ve had the nerve

    June 23, 2025
  • Anxious Republicans turn to Trump amid divisions over ‘big, beautiful bill’

    June 27, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,023)
  • Investing (1,019)
  • Stock (979)

Latest Posts

  • US confirms third round of nuclear talks with Iran after ‘very good progress’

    April 21, 2025
  • Nifty under heavy pressure: German 40 steady on Tuesday

    August 13, 2024
  • State Dept defends human rights abuse report changes, says streamlined process eliminates ‘political bias’

    April 21, 2025

Recent Posts

  • Citadel’s Ken Griffin buys a stegosaurus for $45 million in a record auction sale

    July 19, 2024
  • Charity leaders slam Biden admin’s response to US planes shot in Haiti amid chaos: ‘What are we doing?’

    November 18, 2024
  • Trump vows US will ‘run’ Venezuela until ‘safe’ transition of power

    January 3, 2026

Editor’s Pick

  • US midday market brief: AI stocks stumble as Microsoft drama hits, but Dow powers ahead

    December 4, 2025
  • EURAUD and EURNZD: EURAUD takes a step lower this morning

    July 26, 2024
  • Grocery stores are rationing eggs as supply falls and prices rise

    February 14, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock