Elon: We anticipate $150 BILLION of savings in FY26 from reducing waste & fraud

ELON: WE ANTICIPATE $150 BILLION OF SAVINGS IN FY26 FROM WASTE AND FRAUD REDUCTION
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“Thanks to your fantastic leadership, this amazing Cabinet, and the very talented DOGE team, I'm excited to announce that we anticipate savings in FY26 from reduction of waste and fraud by $150 billion.
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Some of it is just absurd, like people getting unemployment insurance who haven't been born yet.
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People ask me, how are you going to find waste and fraud in the federal government?
I'm like, just go in any direction.
That's how you find it.
It's very common—as the military would say, it's a target-rich environment.
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I think we're doing a lot of good in excellent collaboration with the Cabinet to achieve these savings, and it will actually result in better services for the American people.
We're going to be spending their tax dollars in a way that is sensible, and fair and good.”

Source: White House, Cabinet Meeting, April 10, 2025