Musk says US must move fast to cut trillion dollars in spending

February 26, 2025 12:05 PM EST

FILE PHOTO: Elon Musk speaks next to U.S. President Donald Trump in the Oval Office of the White House in Washington, D.C., U.S., February 11, 2025. REUTERS/Kevin Lamarque/File Photo

WASHINGTON (Reuters) - The U.S. must move quickly to achieve a trillion dollar reduction from the country's deficit, Elon Musk said on Wednesday at President Donald Trump's first cabinet meeting.Musk warned that the country would go bankrupt without spending cuts.

(Reporting by Trevor Hunnicutt; Writing by Brendan O'Boyle; Editing by Caitlin Webber)



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