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Musk draws skepticism with call for $2 trillion in spending cuts

Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of former President Trump’s most prominent backers. “How much do you think we can rip out of this wasted, $6.5 trillion Harris-Biden budget?” Howard Lutnick, Wall…

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Science

How to spend one trillion dollars: the US decarbonization conundrum

Subsidizing people to buy electric vehicles can end up wasting money if they would have purchased one anyway.Credit: Paul Bersebach/MediaNews Group/Orange County Register via Getty In the past three years, the United States has legislated to spend more than US$1 trillion on decarbonization. The Inflation Reduction Act (IRA) and the Bipartisan Infrastructure Law (BIL) focus […]

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