Elon Musk, leading the Department of Government Efficiency (DOGE), aims to cut $1 trillion from the U.S. deficit, which exceeds $1.8 trillion for fiscal year 2024. With mandatory spending, including Social Security and Medicare, largely off-limits due to Trump’s promises, options for significant cuts are limited, particularly in non-defence discretionary spending. Raising taxes is also unlikely, as Trump has pledged tax cuts, complicating efforts to reduce the deficit.