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Saturday, Nov 16, 2024

Elon Musk cutting $2 trillion of US spending is not good for markets: Expert

The US government spent $6.75 trillion during the US fiscal year 2024, which means a $2 trillion cut by Elon Musk will amount to 32% off from this spend
Musk, one of Donald Trump's largest endorsers, has now been appointed to co-head the new Department of Government Efficiency for cutting costs of the US government
Musk, one of Donald Trump's largest endorsers, has now been appointed to co-head the new Department of Government Efficiency for cutting costs of the US government

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News business Elon Musk cutting $2 trillion of US spending is not good for markets: Expert