Part 7/11:
U.S. Defense Budget Cuts: Musk-led Overhaul in Military Spending
In a separate but equally significant development, the Trump administration’s new initiative aimed at reforming federal spending—led by Elon Musk’s Department of Government Efficiency, aka “Doge”—plans to cut approximately 8% from the upcoming year’s defense budget, which currently exceeds $800 billion.
This move aligns with President Trump’s broader goal of reducing the federal deficit by targeting wasteful spending. Defence officials have already proposed trimming military assets by retiring outdated equipment—such as certain drones and ships—which signifies a strategic shift towards modernizing military capabilities with cutting-edge technology.