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

Trendingnow

1

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

2

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

3

China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation

1

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

2

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

3

China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation
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
Add Fortune on Google for similar content.

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 delivers 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
Add Fortune on Google for similar content.

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

Presidents aren’t supposed to pick winners, former White House ethics lawyer says. Trump keeps choosing Dell
PoliticsDonald Trump
Presidents aren’t supposed to pick winners, former White House ethics lawyer says. Trump keeps choosing Dell
By Mia OsmonbekovJuly 7, 2026
3 hours ago
Palantir CEO Alex Karp with his arms outstretched while making a point on stage.
NewslettersEye on AI
Palantir CEO Alex Karp is wrong about the threat Anthropic and OpenAI pose to most enterprises. That doesn’t mean he doesn’t have something to lose
By Jeremy KahnJuly 7, 2026
3 hours ago
European Parliament members call for a probe of FIFA president Gianni Infantino over his Trump call before the decision to let Balogun play
PoliticsDonald Trump
European Parliament members call for a probe of FIFA president Gianni Infantino over his Trump call before the decision to let Balogun play
By The Associated PressJuly 7, 2026
6 hours ago
Planned Parenthood restarts Medicaid billing after Trump defunding last year closed clinics, hitting services like breast cancer and STD screenings
North AmericaDonald Trump
Planned Parenthood restarts Medicaid billing after Trump defunding last year closed clinics, hitting services like breast cancer and STD screenings
By The Associated Press and Geoff MulvihillJuly 7, 2026
7 hours ago
Trump is building a helipad with ‘carved granite’ White House seal to handle new presidential choppers
PoliticsDonald Trump
Trump is building a helipad with ‘carved granite’ White House seal to handle new presidential choppers
By The Associated PressJuly 7, 2026
7 hours ago
New lawsuit alleges the Trump administration shared Iranian asylum seekers’ data with Iran
LawLawsuit
New lawsuit alleges the Trump administration shared Iranian asylum seekers’ data with Iran
By The Associated Press and Safiyah RiddleJuly 7, 2026
8 hours ago

Most Popular

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
Success
Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
By Preston ForeJuly 6, 2026
1 day ago
Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
AI
Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
By Marco Quiroz-GutierrezJuly 5, 2026
2 days ago
China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation
Asia
China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation
By Nicholas GordonJuly 7, 2026
15 hours ago
Current price of oil as of July 6, 2026
Personal Finance
Current price of oil as of July 6, 2026
By Joseph HostetlerJuly 6, 2026
1 day ago
The man who ran Bernie's campaign says Democrats are still making the same mistakes with Democratic Socialists, and they should laud Mamdani's win
Politics
The man who ran Bernie's campaign says Democrats are still making the same mistakes with Democratic Socialists, and they should laud Mamdani's win
By Catherina GioinoJuly 6, 2026
1 day ago
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
Success
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
By Preston ForeJuly 4, 2026
4 days 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.