• 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

From Biden’s ‘war’ on gas prices to ‘small...

March 13, 2026

US diplomatic facility in Iraq struck by drone

March 13, 2026

171 million travelers face airport delays as Democrats’...

March 13, 2026

From Biden’s ‘war’ on gas prices to ‘small...

March 13, 2026

FDA launches new AI-powered system to track drug...

March 13, 2026

Cornyn reverses on filibuster stance to push Trump’s...

March 13, 2026

DAVID MARCUS: Sen Thune has no idea how...

March 13, 2026

Trump touts 5-0 sweep by endorsed candidates in...

March 13, 2026

US destroys 16 Iranian mine boats as Strait...

March 13, 2026

House GOP urges Trump to choke off Iran...

March 13, 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

  • American liquor exports hit record high in 2024, driven by tariffs

    April 25, 2025
  • Democrat Rep Jared Golden says his party’s moving in ‘wrong direction’ on trade

    April 4, 2025
  • Ex-judges blast top Trump DOJ official for declaring ‘war’ on courts

    November 15, 2025
  • GOP duo unveils plan to force Congress to ‘face consequences’ as shutdown looms

    September 4, 2025
  • Trump, Xi meet in effort to resolve trade tensions sparked by US tariffs

    October 30, 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

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025

Categories

  • Economy (829)
  • Editor's Pick (8,376)
  • Investing (1,189)
  • Stock (981)

Latest Posts

  • Can reselling jets made for China to Asian airlines manage headwinds for Boeing? Here’s what experts say

    April 22, 2025
  • Gold in a bullish surge this morning, silver also positive

    August 12, 2024
  • Squad member calls for ‘radically’ changing the Supreme Court: ‘SCOTUS reform is on the ballot in November’

    October 21, 2024

Recent Posts

  • Schumer, Dems unveil alternative shutdown plan, ask for one-year extension to Obamacare subsidies

    November 7, 2025
  • Taliban leader says ‘no need’ for laws from the West in Afghanistan: ‘We will create our own laws’

    March 31, 2025
  • ‘Polarizing’ way of picking party nominees targeted in ballot questions in these 6 states

    October 23, 2024

Editor’s Pick

  • Cracker Barrel’s logo mea culpa is a start but it shouldn’t be the end

    August 27, 2025
  • 5 new Uber features you should know — including a way to avoid surge pricing

    May 15, 2025
  • Oil and Natural Gas: The price of oil is back above $83.00

    July 12, 2024
  • 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