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Trump, Musk Target $150 Billion Savings, Cut $5.1B IT

4/11/2025

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Summary

Story summary

U.S. Defense Secretary Pete Hegseth has cut $5.1 billion in IT contracts to curb wasteful spending. At a Cabinet meeting, President Trump lauded Elon Musk's efforts with the Department of Government Efficiency, targeting $150 billion in savings by 2026. Musk also passionately urged Trump to eliminate tariffs on China for a more prosperous trade relationship.

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Story summary

U.S. Defense Secretary Pete Hegseth has cut $5.1 billion in IT contracts to curb wasteful spending. At a Cabinet meeting, President Trump lauded Elon Musk's efforts with the Department of Government Efficiency, targeting $150 billion in savings by 2026. Musk also passionately urged Trump to eliminate tariffs on China for a more prosperous trade relationship.