What is Trump and Musk's goal for reducing government spending?

Trump and Musk pledged to substantially slash government spending with a specific goal of reducing the deficit by one trillion dollars. During their joint interview with Fox News' Sean Hannity in the Oval Office, Trump emphasized that this trillion-dollar figure would represent merely 1% of the alleged fraud and inefficient government practices he claims exist. The commitment came shortly after a court ruling, with both figures discussing their plans to tackle government waste. Trump consistently accused the government of fostering wasteful spending practices, suggesting that their targeted reduction is only a fraction of the potential savings that could be achieved through addressing fraud and inefficiency in government operations.