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Transcript of Elon Musk, DOGE Team’s Interview by Bret Baier of Fox News

Read the full transcript of Elon Musk and Department of Government Efficiency (DOGE) team’s exclusive interview with Fox News Channel’s Bret Baier, highlighting their waste-cutting efforts. The group included Airbnb co-founder Joe Gebbia, former Morgan Stanley banker Anthony Armstrong, software engineer Aram Moghaddassi, COO Steve Davis, health care entrepreneur Brad Smith, Cloud Software Group CEO Tom Krause, and former oil executive Tyler Hassen.

TRANSCRIPT:

Introduction and Budget Goals

BRET BAIER: Thanks for having us and doing this. I know there’s a lot of interest in this. First, let me start with you, Elon. What are the budgetary savings goals and how much do you think you’ve achieved so far?

ELON MUSK: Our goal is to reduce the deficit by a trillion dollars. So from a nominal deficit of two trillion, to try to cut the deficit in half to one trillion. Or looked at it in total federal spending to drop the federal spending from seven trillion to six trillion.

We want to reduce the spending by eliminating waste and fraud, reduce the spending by 15 percent, which seems really quite achievable. The government is not efficient, and there’s a lot of waste and fraud, so we feel confident that a 15 percent reduction can be done without affecting any of the critical government services.

BRET BAIER: I’m going to talk to all the guys here about the specifics, but for you, what’s the most astonishing thing you’ve found out in this process?

ELON MUSK: The sheer amount of waste and fraud in the government. It is astonishing. It’s mind-blowing. We routinely encounter wastes of a billion dollars or more.

Casually. For example, the simple survey, literally a 10-question survey that you could do with SurveyMonkey cost you about $10,000. The government was being charged almost a billion dollars for that.

BRET BAIER: For just the survey?

ELON MUSK: A billion dollars for a simple online survey, do you like the national park?