Musk at the White House

Billionaire Elon Musk appears at the White House, telling reporters his cost-saving measures are essential.

Transcript

00:00Now, Tesla and SpaceX CEO Elon Musk has made a surprise first appearance at the White House

00:07alongside President Donald Trump.

00:09The tycoon, tasked by Trump to lead federal cost-cutting efforts through his Department

00:15of Government Efficiency, spoke to reporters in the Oval Office.

00:20He denied leading a hostile takeover of the government and defended his plans, warning

00:25that America would go bankrupt without them.

00:29Here's a reminder of what he had to say.

00:59And if that just keeps going, we're essentially going to bankrupt the country.

01:02So what I really want to say is, it's not optional for us to reduce the federal expenses.

01:08It's essential.