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We anticipate significant reductions in the federal government, including the outright elimination of certain agencies. There will be mass layoffs in areas deemed bloated, along with substantial cuts to federal contractors who are overcharging. We expect to implement these changes swiftly, aided by the legal framework provided by the Supreme Court.

Few entrepreneurs have achieved as much as he has, demonstrating remarkable executional excellence akin to Steve Jobs. His ideas about government merit attention, as they are beneficial for everyone. If he claims he can save $2 trillion in spending, I believe him, given the significant waste in federal government spending that we all witness. This is a bipartisan issue; we all recognize the inefficiencies. If we empower him with a mandate, history shows he delivers results. He has consistently accomplished extraordinary things. We should leverage this potential.

The people want an active government that doesn't waste money. To deliver change, we're reorganizing the government to save taxpayer dollars. We're cutting the federal bureaucracy by 100,000 positions through attrition and reducing administrative costs by 12%. Unproductive advisory commissions will be eliminated, and agencies can't create new ones without approval. Government regulations and procurement rules hurt the system, so we will cut waste, streamline bureaucracy, and change these rules to make government work better. This includes downsizing the government, improving customer service, and overhauling federal procurement and personnel systems. The goal is to make government work for the people, eliminate unnecessary programs, and reduce the federal workforce. We're committed to cutting spending and reducing the deficit to ensure a stronger economy for the future.

The same Democrats who said we couldn't fix the border are now seeing border crossings down 95% in just one month. We've uncovered $100 billion in waste, Sean. Think of what we could do for suffering Americans, our schools, healthcare, and infrastructure with that money! Imagine four years of these kinds of savings once we get into the rest of the agencies. Nobody thought giving millions to Guatemalan programs was a good use of funds. The possibilities are endless, and the American people are finally seeing what's possible. We are going to unleash all of that. I couldn't be prouder of what we are doing.

I don't care about grocery prices right now. We're focused on exposing corruption and reducing government spending. We're saving billions by cutting off funding to wasteful projects. Anyone with common sense knows you can't fix the economy overnight. So let's focus on the bigger picture here.

The speaker announces anticipated savings of $150 billion in FY 2026 by reducing waste and fraud, citing examples such as people fraudulently receiving unemployment insurance. The speaker suggests waste and fraud are easily found within the government. The speaker believes these savings will result in better services for the American people and ensure tax dollars are spent sensibly. Speaker 0 praises the team's skills in identifying previously unnoticed issues and their computer proficiency, expressing a desire to retain them long-term. Speaker 1 mentions working with Howard on the "Trump gold card operation."

In just one week, over 350 executive actions were taken, including signing 300. The era of American decline is over, and a new golden age has begun. On day one, every cabinet member was directed to use their powers to combat inflation and reduce living costs. A federal hiring freeze, regulation freeze, and foreign aid freeze were imposed, reflecting a shift in priorities. The creation of a new department focused on Government Efficiency aims to enhance effectiveness. Additionally, the termination of the costly Green New Deal was announced, highlighting a commitment to eliminate wasteful spending.

There's a lot of inefficiency in government that needs addressing. When it comes to which agencies to shut down, I'll let Elon Musk share his thoughts, as he's eager to discuss this. Musk is not just known for his work in science and rockets; he's also an excellent businessman and cost cutter. He often shares innovations, like a new titanium screw he's developed, which showcases his focus on efficiency and improvement.

In my first years as president, I managed to reduce the debt by $1.71 trillion, which is the largest reduction in history.

We're committed to streamlining the federal government, just like running a business. We're carefully reviewing every expense to ensure we're only spending on what truly benefits America. That's our focus. Any claims to the contrary are simply scare tactics from the left, who lack a coherent message and are, frankly, out of touch with reality.

The American people want effective government without wasted money. To deliver this, we're overhauling how government operates, beginning with a 25% reduction in White House staff and $10 million in savings. These steps will save taxpayers $9 billion. We're reducing the federal bureaucracy by at least 100,000 positions through attrition and cutting administrative costs by 12%. We're also eliminating unproductive advisory commissions. We aim to cut inessential spending and tackle the growing deficit and debt. Government programs should be efficient, and overhead must be reduced. These changes are crucial because debt consumes tax dollars and hinders private sector growth. We're also working to cut waste, streamline processes, improve customer service, and reform procurement and personnel systems. We need a government that works better, costs less, and treats taxpayers like customers.

I reduced the national debt by $1.7 trillion, cutting it in half. In the last two years, we cut the debt by $1.7 trillion. This is a significant reduction that no one has ever achieved before.

The speaker states a commitment to root out wasteful spending in government, given that families have had to cut back. This is important due to inherited deficits that have grown due to the recession. While cutting some worthy programs, the administration is launching its own initiative to cut waste and improve government, citing a lack of Congressional action. Thousands of unneeded government buildings are being eliminated, saving billions. Roger Rhodes at the Department of Commerce found a way to save almost $2,000,000 a year on cellphone bills. Celeste Steele at Homeland Security is saving tens of millions by changing how the department buys goods and services. The Vice President is working with agency secretaries to improve travel, transportation, and IT services, potentially saving billions. An executive order will direct agencies to slash spending in these areas by 20%, saving taxpayers billions over the next several years. The speaker is signing the bill and thanks officials for taking the project seriously.

We're streamlining the federal government, and already over 40,000 federal bureaucrats have taken buyouts, saving taxpayers millions. Elon Musk and his team are cutting bloat, and Secretary of State Rubio has significantly reduced USAID staff. The media is calling this the "Trumppocalypse," while Democrats express concerns about the speed and precision of these changes, worrying about psychological warfare and retribution. But many feel that it is about time after years of tiptoeing around DEI and seeing our money wasted. Democrats are now criticizing government audits, yet they're shocked when we address wasteful spending, like millions on foreign projects. We're putting the government on a diet. Fraudsters complain the loudest when someone is actually doing something about fraud. We're exposing government theft, like millions spent on trans surgeries in Guatemala and studies on transgender animals, because the Democrats have been sucking off the teat of government for decades.

I've issued a deadline for agencies to submit waste reduction plans. Failure to comply will result in tech support intervention, which is essentially what my team is doing – fixing outdated government computer systems. We aim to find a trillion dollars in savings to prevent national bankruptcy. Every agency will have a "mini Elon Musk" to justify spending. We're freezing government credit cards for 30 days and doing a pulse check via email to see if employees are real and responsive, we suspect some are dead or even fictional. Some people are upset with our aid to Ukraine which has been spent on things like fashion shows, wine, and cheese puffs. Providing money to LGBTQ individuals in Serbia is also coming under fire. Some are questioning the loyalty of Elon Musk because of this. The Biden years proved we don't even need an active president, because institutions are running everything behind the scenes.

The American people are tired of their tax dollars being wasted. For the first time, this president is committed to restoring accountability at every level of the federal government. If you agree there is waste, abuse, and corruption, why are you not celebrating the cuts and reforms that are being instituted? We are saving Americans billions of dollars and ending the theft, waste, grift, and corruption. We are stopping American taxpayer dollars from subsidizing a rogue federal bureaucracy that has been relentlessly weaponized against the American people. We care about this issue. The American public overwhelmingly supports what President Trump is doing.

To understand Elon Musk's actions with the federal government, look at his Twitter takeover. He implemented cost-cutting measures: mass layoffs, reduced real estate, and employee buyouts—similar to a recent federal government email. This mirrors his "zero-based budgeting" approach. While Twitter's revenue decreased after these changes (partially due to an advertising boycott), its profitability increased significantly. Adjusted EBITDA rose from $682 million to $1.25 billion, even with reduced revenue. This demonstrates that eliminating unnecessary spending can increase profitability, leading to taxpayer savings and reduced government debt. Ignoring the negative narrative, Musk's methods could benefit the federal government, resulting in lower taxes and improved services for the American people.

The speaker states their goal is to make government more efficient and eliminate waste and fraud, claiming current savings exceed $4 billion a day. They believe they will reach a trillion dollars in savings unless stopped. The savings will come from an audit that will not gather dust on shelves, but will result in real savings and bend the base spending baseline down.

We are working to cut a trillion dollars from the deficit because if we don't get the deficit under control, America will go bankrupt. A country is no different than an individual. If you overspend, you will go bankrupt, and the massive waste and abuse that has been going on has led to a $2 trillion a year deficit. That is what the President was handed on January 20th: a $2 trillion deficit. It's insane.

I reduced the deficit by $1.7 trillion in just 2 years. No one has ever achieved this before.

All government spending is taxation, either directly or through inflation. The Department of Government Efficiency will address wasted money. The goal is to get the government out of people's pocketbooks, leading America to unprecedented heights and an amazing future. The speaker expresses enthusiasm for the positive energy present.

We anticipate significant reductions in federal agencies, including potential closures. Certain agencies may be eliminated entirely, and we plan to cut down on bloated areas within the federal government. Additionally, we aim to reduce spending on federal contractors who are overbilling. The changes may happen more swiftly than expected, thanks to the legal framework provided by the Supreme Court.

In under a month, the Department of Government Efficiency has already saved over $55 billion, and this is only the beginning. We're targeting trillions of dollars in waste, which will lead to significantly lower inflation and interest rates. This will also bring down payments on mortgages, credit cards, and car loans, while boosting the stock market. I believe the stock market is going to perform exceptionally well. Our strategy involves rapidly growing the economy by dramatically reducing the size of the federal government, a necessary step for our nation's prosperity.

Working with our team, we've identified $260 million in savings on contracts alone. Under President Trump's leadership, we're committed to eliminating fraud, abuse, and streamlining processes. I'm pleased to announce these significant savings and our ongoing efforts to be responsible stewards of taxpayer dollars. We anticipate finding even more savings in the future.

The federal government isn't a company to dismantle like on Shark Tank; it must be run constitutionally, and the current administration is restoring services and jobs that have been disrupted. The government is fat and hasn't been scrutinized for a century. Finally, someone is willing to address the waste. However, cuts aren't deep enough. In private equity, when fixing a bankrupt company, you must cut severely and quickly, even 20% more than initially planned, then rehire to minimize trauma. There's so much waste in the federal government that needs addressing. You can't be surgically precise when auditing the government. You have to cut more because you don't know where all the waste is. We've never audited the government before.