Musk Proposes Federal Deficit Reduction Plan For 2026

According to Odaily, Elon Musk recently stated on the X platform that to reduce the federal deficit for the 2026 fiscal year from $2 trillion to $1 trillion, it is necessary to cut the projected 2026 expenditures by approximately $4 billion daily from now until September 30. Although this would still result in a deficit of about $1 trillion, Musk believes that economic growth should be able to match this figure, suggesting that there will be no inflation in 2026.