Odaily Planet Daily News, Musk stated on the X platform that to reduce the federal deficit for the 2026 fiscal year from $20 trillion to $10 trillion, it is necessary to cut the estimated 2026 expenditure by an average of about $4 billion per day from now until September 30th. Although this will still result in a deficit of about $1 trillion, the economic growth should be able to match this figure, which means there will be no inflation in 2026.
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Odaily Planet Daily News, Musk stated on the X platform that to reduce the federal deficit for the 2026 fiscal year from $20 trillion to $10 trillion, it is necessary to cut the estimated 2026 expenditure by an average of about $4 billion per day from now until September 30th. Although this will still result in a deficit of about $1 trillion, the economic growth should be able to match this figure, which means there will be no inflation in 2026.