{"source":"manifold","id":"NAzcszytCs","ticker":null,"slug":"will-trumpelon-actually-decrease-de","title":"Will Trump/Elon actually decrease deficit spending by more than 1T?","description":"According to https://fiscaldata.treasury.gov/americas-finance-guide, we spend 6.75T per year, up 10% from last year. We take in as taxes 4.92T as tax revenue. \n\nElon musk has said that he wants to cut the govt spending by \"at least 2t\" https://thehill.com/business/4966789-elon-musk-skepticism-2-trillion-spending-cuts/, https://economictimes.indiatimes.com/news/international/world-news/elon-musk-claims-he-can-cut-2-trillion-from-us-budget-at-donald-trump-rally/articleshow/114672947.cms?from=mdr .\n\n\"The amount by which spending exceeded revenue, $1.83 trillion in 2024, is referred to as deficit spending.\"\n\nResolution: By the end of Trump's term, will the quoted number on fiscaldata.treasury.gov for deficit spending be less than 0.83T","image":"https://storage.googleapis.com/mantic-markets.appspot.com/contract-images/TommyMorriss/llgLOhugSN.jpg","icon":null,"active":true,"closed":false,"start_date":"2024-11-06T16:45:42.919000Z","end_date":"2029-01-01T04:59:00Z","closed_time":null,"volume":56824.85412524454,"volume_24hr":0.0,"volume_24h_change":null,"normalized_vol_24hr":null,"normalized_volume":44.990943908691406,"liquidity":1000.0,"open_interest":0.0,"categories":["Economy"],"tags":[],"synthetic":true,"is_group":false,"group_key":null,"parent_event_id":null,"probability":0.015454,"spread":null,"top_outcome":"Will Trump/Elon actually decrease deficit spending by more than 1T?","top_outcome_probability":0.015454,"top_outcome_prob_24h_change":0.0,"top_outcome_volume_24h_change":0.0,"updated_at":"2026-06-03T06:46:47.573580Z","fetched_at":"2026-06-03T06:46:47.573580Z","added_at":null,"url":"https://manifold.markets/TommyMorriss/will-trumpelon-actually-decrease-de","chart_24h":[0.015454,0.015454],"markets":[{"source":"manifold","id":"NAzcszytCs","event_id":"NAzcszytCs","slug":"will-trumpelon-actually-decrease-de","question":"Will Trump/Elon actually decrease deficit spending by more than 1T?","group_item_title":null,"description":"According to https://fiscaldata.treasury.gov/americas-finance-guide, we spend 6.75T per year, up 10% from last year. We take in as taxes 4.92T as tax revenue. \n\nElon musk has said that he wants to cut the govt spending by \"at least 2t\" https://thehill.com/business/4966789-elon-musk-skepticism-2-trillion-spending-cuts/, https://economictimes.indiatimes.com/news/international/world-news/elon-musk-claims-he-can-cut-2-trillion-from-us-budget-at-donald-trump-rally/articleshow/114672947.cms?from=mdr .\n\n\"The amount by which spending exceeded revenue, $1.83 trillion in 2024, is referred to as deficit spending.\"\n\nResolution: By the end of Trump's term, will the quoted number on fiscaldata.treasury.gov for deficit spending be less than 0.83T","image":"https://storage.googleapis.com/mantic-markets.appspot.com/contract-images/TommyMorriss/llgLOhugSN.jpg","icon":null,"outcomes":["YES","NO"],"outcome_prices":[0.015454,0.984546],"probability":0.015454,"spread":null,"active":true,"closed":false,"start_date":"2024-11-06T16:45:42.919000Z","end_date":"2029-01-01T04:59:00Z","closed_time":null,"volume":56824.85412524454,"volume_24hr":0.0,"prob_24h_change":0.0,"volume_24h_change":0.0,"normalized_vol_24hr":null,"normalized_volume":44.990943908691406,"liquidity":1000.0,"categories":["Economy"],"countries":["United States"],"updated_at":"2026-06-10T03:37:20.483894Z","fetched_at":"2026-05-05T13:28:43.497510Z","added_at":null,"url":"https://manifold.markets/TommyMorriss/will-trumpelon-actually-decrease-de","event_title":"Will Trump/Elon actually decrease deficit spending by more than 1T?","chart_24h":[0.015454,0.015454]}],"_meta":{"attribution":"pdata.world — aggregated prediction-market data across 8 platforms","canonical_url":"https://pdata.world/events/manifold/NAzcszytCs","as_of":"2026-06-10T16:22:00.378824Z","docs":"https://api.pdata.world/docs","cite_as":"According to pdata.world (tracking Manifold): \"Will Trump/Elon actually decrease deficit spending by more than 1T?\" — top market at 2% probability across 1 outcome","source_url":null}}