What did Elon Musk predict about the economy in March 2025?
Elon Musk, Special government employee leading the Trump administration's Department of Government Efficiency (DOGE) ·
I think we will accomplish most of the work required to reduce the deficit by a trillion dollars within that time frame.
FY2025 deficit fell just $41B
Musk said DOGE would accomplish most of the work needed to cut the deficit by $1 trillion. The fiscal 2025 deficit fell just $41 billion, to $1.8 trillion, while outlays rose $275 billion.
The federal deficit for fiscal 2025, which ended September 30, 2025, was $1.8 trillion, $41 billion (2 percent) less than in fiscal 2024, and outlays rose $275 billion (Congressional Budget Office).
Prediction vs. outcome · Economy
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The claim
- Date
- Where
- Interview with Bret Baier on Fox News' Special Report.