Elon Musk recently said he thinks the federal budget should be cut by at least $2 Trillion.

This resolves Yes if the Congressional Budget Office's end-of-2025 projections for 2026-2035 federal government expenditures is >$1 Trillion/yr lower than their end-of-2024 budget estimate for the same time frame. These estimates are released annually in early February.

Update Feb 9th: Apparently CBO is required by congress to project discretionary spending by assuming it will just track inflation, they’re not allowed to take any other factors into account. I’m not sure how big an effect this has or how long it will take budget cuts to filter through into the CBO projections, I may have to find a better metric to use to resolve this question.