Summary

Elon Musk pledged to cut U.S. federal spending by $1 trillion.

But federal data contradict his narrative: as of March 26, 2025, the government had spent $1.893 trillion—7.4% more than the $1.763 trillion spent by the same time in 2024.

This suggests federal spending is rising, not falling.

Musk’s remarks, made during a Fox News event, have reignited debate over fiscal responsibility and the realism of slashing spending without broader structural reforms.