President-elect Trump and Elon Musk want to slash government spending massively. Before the incoming administration begins, an organization focused on addressing the federal deficit and sound fiscal policy, the Committee for a Responsible Federal Budget, is offering a blueprint to cut nearly $1.4 trillion. 

Budgetary analysts have raised questions about how easy it will be for Mr. Musk to accomplish his goal of cutting $2 trillion of federal spending. However, the CRFB says Trump could save more than $1 trillion dollars simply by reversing some of President Biden’s executive actions.