Elon Musk says DOGE will 'try' to hit its goal of $2T in cuts, but admits they might fall short

The newly formed Department of Government Efficiency may not reach its target of cutting $2 trillion in federal spending, Elon Musk admitted in a conversation on Wednesday with Stagwell Inc. CEO Mark Penn. The two spoke for just over 34 minutes in a livestreamed conversation on X, the social media platform owned by Musk.

"I think we’ll try for 2 trillion. I think that’s like the best-case outcome," Musk told Penn, adding that he believes if DOGE aims for $2 trillion in cuts, they have a...