{"id":22463,"date":"2025-05-01T12:24:22","date_gmt":"2025-05-01T12:24:22","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/trump-administration-live-updates-president-tries-to-change-narrative-on-economy\/"},"modified":"2025-05-01T12:24:22","modified_gmt":"2025-05-01T12:24:22","slug":"trump-administration-live-updates-president-tries-to-change-narrative-on-economy","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/trump-administration-live-updates-president-tries-to-change-narrative-on-economy\/","title":{"rendered":"Trump Administration Live Updates: President Tries to Change Narrative on Economy"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<p>Seated at the head of a large conference table inside the West Wing\u2019s Roosevelt Room on Wednesday afternoon, Elon Musk, dressed in his signature T-shirt and blazer, ducked the question of whether his Department of Government Efficiency would meet his pledge of slashing $1 trillion from the federal budget.<\/p>\n<p>\u201cI think it\u2019s possible to do that, but it\u2019s a long road to go, and, you know, it\u2019s really difficult,\u201d he said of the trillion-dollar goal. \u201cIt\u2019s sort of, how much pain is, you know, are the cabinet and is Congress willing to take? Because it can be done, but it requires dealing with a lot of complaints.\u201d<\/p>\n<div>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">His caginess contrasted with his chest-thumping confidence just a few months ago about what he would accomplish in government. Standing onstage at a Trump rally at Madison Square Garden in October, Mr. Musk told a roaring crowd that he could cut \u201c<a class=\"css-yywogo\" href=\"https:\/\/www.youtube.com\/watch?v=L_X6VmsMWiI\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">at least two trillion<\/a>\u201d in federal spending. He later halved that figure.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Now, Mr. Musk, who never previously served in government, has been forced to revise his expectations even further, though he still insists his goals remain technically possible. His 101 days in government have been stormy, and his series of interviews this week \u2014 including Wednesday\u2019s session with reporters from major newspapers and television networks \u2014 appeared to be an effort to wrest back control of the messaging.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">He has clashed with cabinet secretaries and fielded complaints from lawmakers whose constituents\u2019 services and jobs were threatened by cuts from his Department of Government Efficiency. He has argued with the president over tariffs and faced protests from federal employees, including over his decision to dismantle entire agencies, including the U.S. Agency for International Development and the Consumer Financial Protection Bureau.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">He has also run into a math problem that budget experts from both parties warned about: There is no way to slash a trillion dollars without tackling the most politically sensitive parts of the budget, social safety net programs and military spending.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">The billionaire says he is proud of the cuts DOGE has made. He says he plans to return to spending most of his time working on his companies, which include Tesla, X and SpaceX, but expects to devote around two days a week to government work, visiting Washington every other week.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">DOGE was originally intended to operate only until July 4, 2026, but Mr. Musk said he could imagine the effort running through the entire four years of the Trump administration. He said it would be up to President Trump to decide how long he wanted him to keep working on the initiative. Mr. Musk is allowed to serve just 130 days as a \u201cspecial government employee,\u201d but if he reduces his hours to part time, he could extend by months his time working for the Trump administration.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Mr. Musk insisted that DOGE would do well in his absence. But he was evasive, resorting to jokes, when asked who would fill his place.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">\u201cDOGE is a way of life. Like Buddhism,\u201d Mr. Musk said.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Pressed again, he said: \u201cIs Buddha needed for Buddhism?\u201d<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">In Mr. Musk\u2019s telling, he has given DOGE, which he compared to a \u201cstart-up,\u201d the intensive burst of his attention it required to get it off the ground. Mr. Musk claims to have saved taxpayers $160 billion so far.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">But DOGE\u2019s online \u201c<a class=\"css-yywogo\" href=\"https:\/\/doge.gov\/savings\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">wall of receipts<\/a>\u201d does not account for 64 percent of that total. The group has only itemized $58 billion of its savings by linking them to specific canceled contracts, grants and leases. The other $102 billion is not explained. And even the $58 billion in savings that DOGE has itemized is significantly <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/13\/us\/politics\/doge-contracts-savings.html\" title=\"\">inflated<\/a>, by including outright errors and guesses about the future.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Mr. Musk said that it was still \u201cabsolutely\u201d possible to find $1 trillion in savings to confront the problem of the ballooning national debt, but that it remained to be seen whether there was \u201csufficient political will in Congress and elsewhere to actually do that.\u201d<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">\u201cAnd we may not succeed,\u201d he said.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Mr. Trump has made clear to Mr. Musk that some of the most sizable portions of the federal government are off limits for serious reform. The president has ruled out making any changes to Social Security and Medicare, which account for more than a third of federal spending. And Defense Secretary Pete Hegseth has said he wants the Pentagon budget to be increased to <a class=\"css-yywogo\" href=\"https:\/\/www.politico.com\/news\/2025\/04\/07\/hegseth-trump-1-trillion-defense-budget-00007147\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">$1 trillion<\/a>.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">At the White House on Wednesday, Mr. Musk reiterated that there were billions more to be saved from cutting waste and that his team had found clear-cut evidence of fraud.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Reflecting on his time in Washington, Mr. Musk shared an unusual amount of detail about his life with Mr. Trump.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">\u201cI guess we\u2019re good friends, and we\u2019ll be on Air Force One or Marine One, and he\u2019s like, \u2018Hey do you want to stay over?\u2019 And I\u2019m like, \u2018Sure,\u2019\u201d Mr. Musk said. <\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">Mr. Musk ended up spending the night in the Lincoln Bedroom on several occasions.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">During one of those sleepovers, Mr. Musk said, Mr. Trump called him late at night to tell him to make sure to get some ice cream from the kitchen. The billionaire said he helped himself to a whole container of caramel H\u00e4agen-Dazs.<\/p>\n<p class=\"live-blog-post-content css-h61jh5 evys1bk0\">\u201cI was like, this stuff\u2019s amazing,\u201d he said.<\/p>\n<p class=\"live-blog-post-content css-1smqmx3 etfikam0\">David A. Fahrenthold<!-- --> contributed reporting.<\/p>\n<div class=\"css-5dm9xx\">\n<div class=\"css-acwcvw\"><strong class=\"css-1vg6q84\">A correction was made on<\/strong>\u00a0<\/p>\n<p>May 1, 2025<\/p>\n<p>:\u00a0<\/p>\n<div class=\"css-eg4v4b\">\n<p data-placeholder=\"Write a correction...\">An earlier version of this article misstated, in one instance, the savings that DOGE has itemized. It is $58 billion, not $58 million.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/live\/2025\/05\/01\/us\/trump-news\/trump-boasts-about-the-economy-but-says-weak-data-is-bidens-problem\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seated at the head of a large conference table inside the West Wing\u2019s Roosevelt Room on Wednesday afternoon, Elon Musk,<\/p>\n","protected":false},"author":1,"featured_media":22464,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[239,114,133,1052,160,286,1051,4062,113],"class_list":["post-22463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us","tag-customs-tariff","tag-donald-j","tag-executive-orders-and-memorandums","tag-giorgia-1977","tag-illegal-immigration","tag-immigration-and-emigration","tag-meloni","tag-recession-and-depression","tag-trump"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Administration Live Updates: President Tries to Change Narrative on Economy - World News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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