What is the financial goal of Trump and Musk's government spending initiative?

President Trump and Elon Musk have outlined an ambitious plan to slash government spending with a specific target of cutting a trillion dollars from the deficit. This goal was discussed during their joint interview with Fox News' Sean Hannity in the Oval Office, coming shortly after a court ruling that allowed Musk to continue his oversight role in federal agencies. Trump repeatedly emphasized this trillion-dollar figure while explaining that reducing government waste and inefficiency is a central aim of his administration's approach to fiscal policy. The initiative appears to be a cornerstone of their broader vision for governmental reform, with Musk serving as a key technology advisor focused on transparency and accountability in federal spending.