• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure

2

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

3

The pig in the python: Baby boomers are strangling the economy they built by refusing to move or retire

1

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure

2

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

3

The pig in the python: Baby boomers are strangling the economy they built by refusing to move or retire
PoliticsBernie Sanders

‘Elon Musk is right,’ Bernie Sanders admits, agreeing the defense budget needs to be cut because the Pentagon has ‘lost track of billions’

Sydney Lake
By
Sydney Lake
Sydney Lake
Associate Editor
Down Arrow Button Icon
Sydney Lake
By
Sydney Lake
Sydney Lake
Associate Editor
Down Arrow Button Icon
December 2, 2024, 11:12 AM ET
Photo of Bernie Sanders
Sen. Bernie Sanders (above) admits Elon Musk has something right about the federal budget.Getty Images—Chip Somodevilla

An unlikely duo has emerged at the intersection of business and politics: Elon Musk and Sen. Bernie Sanders. The Vermont independent, who caucuses with the Democratic Party, on Sunday posted on X he thinks Musk has something right about the U.S. budget.

Recommended Video

“Elon Musk is right,” Sanders said in an X post on Dec. 1. “The Pentagon, with a budget of $886 billion, just failed its 7th audit in a row. It’s lost track of billions.”

While he identifies as an independent, Sanders, the 83-year-old longtime politician, is a champion of progressive politics—namely universal health care and free college education. He’s also advocated for federal budget reform for years, heavily focusing on tightening the defense budget, which is nearly $850 billion for 2025, according to the U.S. Department of Defense.

Elon Musk is right.

The Pentagon, with a budget of $886 billion, just failed its 7th audit in a row. It’s lost track of billions.

Last year, only 13 senators voted against the Military Industrial Complex and a defense budget full of waste and fraud.

That must change.

— Bernie Sanders (@SenSanders) December 1, 2024

Sanders supports directing federal funding instead toward “enormous crises” like climate change, health care, education, and housing, arguing “more military spending is unnecessary,” he wrote in a 2023 op-ed published by the Guardian. 

Musk, on the other hand, also supports taking a look at the defense budget, but for different reasons. The Tesla CEO and X owner has gotten cozy with President-elect Donald Trump and is set to co-lead the Department of Government Efficiently (aptly abbreviated as DOGE), along with entrepreneur and Republican presidential candidate Vivek Ramaswamy. 

Representatives for Sanders and Musk did not immediately respond to Fortune’s requests for comment.

Trump has said DOGE will help his administration “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies Essential to the ‘Save America’ Movement.” 

Although the president-elect hasn’t said which specific federal spending areas DOGE will target, the new department plans to cut $2 trillion from the federal budget. And Musk has been vocal about some of the DOD’s downfalls.

“Some idiots are still building manned fighter jets like the F-35,” Musk said in an X post on Nov. 24. “Manned fighter jets are outdated in the age of drones and only put pilots’ lives at risk.” These sentiments are reminiscent of Musk’s feelings toward autonomous vehicles, which he expects to be the demise of driving as we know it. 

Meanwhile, some idiots are still building manned fighter jets like the F-35 🗑️ 🫠
pic.twitter.com/4JX27qcxz1

— Elon Musk (@elonmusk) November 24, 2024

“A lot of automotive companies or most automotive companies have not internalized this, which is surprising, because we’ve been shouting this from the rooftops for such a long time, and it will accrue to their detriment in the future,” Musk said during Tesla’s third-quarter earnings call in late October, shortly after the company announced its autonomous robo-taxi, the Cybercab.

Musk also indicated in late November he wanted to investigate DOD funding after California Democrat Rep. Ro Khanna suggested the defense budget could become a bipartisan issue. 

“When it comes to cutting waste, fraud, and abuse and opening the 5 primes to more competition, there are Democrats on [House Armed Services Committee] who will work with @elonmusk and @DOGE,” Khanna said in an interview with CNN.

“Cool!” Musk responded to Khanna’s X post. 

Cool! https://t.co/5WiVyOHAw6

— Elon Musk (@elonmusk) November 25, 2024

Sanders is hoping for greater bipartisan cooperation on defense spending cuts in Congress, given the DOD’s repeated audit failures. 

“Last year, only 13 senators voted against the Military Industrial Complex and a defense budget full of waste and fraud,” Sanders wrote in the X post. “That must change.”

In mid-November, the DOD released a statement acknowledging the repeated audits, but Michael McCord, undersecretary of defense (comptroller) and chief financial officer for the Justice Department, said that “the Department has turned a corner in its understanding of the depth and breadth of its challenges.”

“Significant work remains and challenges lie ahead,” McCord said in the statement. “But our annual audit continues to be a catalyst for Department-wide financial management reform, resulting in greater financial integrity, transparency, and better-supported warfighters.”

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter will deliver clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
Sydney Lake
By Sydney LakeAssociate Editor
LinkedIn iconTwitter icon

Sydney Lake is an associate editor at Fortune, where she writes and edits news for the publication's global news desk.

See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

pp
PoliticsElections
Graham Platner runs controversial ad during Red Sox game vowing to ‘reverse the private equity curse’
By Patrick Whittle, Kimberlee Kruesi, Kyle Hightower and The Associated PressMay 26, 2026
4 hours ago
Pope Leo XIV presenting his 'AI encyclical' at the Vatican in Rome. The Pope, dressed in white, is sitting in a large chair with a laptop open in front of him and flowers arranged on the table in front of the laptop,
NewslettersEye on AI
Pope Leo’s ‘AI encyclical’ says a lot. But critics say it misses the mark
By Jeremy KahnMay 26, 2026
6 hours ago
indonesia
AsiaIndonesia
Indonesia jolts China with ‘hostile takeover’ of key commodities in American-influenced move
By Edna Tarigan, Anton L. Delgado and The Associated PressMay 26, 2026
8 hours ago
ss
PoliticsWorld Cup
Mexico’s Sheinbaum confirms U.S. asked Iran’s World Cup team to move to Tijuana
By The Associated PressMay 26, 2026
8 hours ago
sa
Politicsimpeachment
How $580,000 hidden under a sofa cushion became a constitutional crisis in South Africa
By Gerald Imray and The Associated PressMay 26, 2026
8 hours ago
t
PoliticsIran
Iran slams U.S. strikes as sign of ‘bad faith and unreliability’
By The Associated PressMay 26, 2026
8 hours ago

Most Popular

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure
Travel & Leisure
The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure
By Catherina GioinoMay 25, 2026
1 day ago
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
5 days ago
The pig in the python: Baby boomers are strangling the economy they built by refusing to move or retire
Economy
The pig in the python: Baby boomers are strangling the economy they built by refusing to move or retire
By Nick LichtenbergMay 25, 2026
2 days ago
The Supreme Court handed Trump a Golden Chariot on tariffs — now he just has to take it
Commentary
The Supreme Court handed Trump a Golden Chariot on tariffs — now he just has to take it
By Jeffrey Sonnenfeld and Steven TianMay 26, 2026
13 hours ago
Elon Musk's best friend could make more than $100 billion from SpaceX's IPO. His firm is also owed billions by SpaceX
Investing
Elon Musk's best friend could make more than $100 billion from SpaceX's IPO. His firm is also owed billions by SpaceX
By Eva RoytburgMay 25, 2026
1 day ago
A billionaire and an A-list actor found refuge in a 37-home Florida neighborhood with armed guards—proof that privacy is now the ultimate luxury
Real Estate
A billionaire and an A-list actor found refuge in a 37-home Florida neighborhood with armed guards—proof that privacy is now the ultimate luxury
By Marco Quiroz-GutierrezMay 25, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.