Since taking office in January, President Donald Trump has slashed government spending and dismantled entire federal agencies and programs, with billionaire Elon Musk and his Department of Government Efficiency leading the charge.

During a remote appearance at a Morgan Stanley tech conference, he said the government should "privatize everything we possibly can."

During a remote appearance at a technology conference in San Francisco, Musk told attendees the U.S. should privatize "as much as possible."

The head of the Department of Government Efficiency suggested the move while speaking at a Morgan Stanley conference Wednesday.

Speaking at a Morgan Stanley conference, Musk said the state of passenger rail in the US is "embarrassing."

The market is exactly the wrong place to put something if you want a rail transportation system that meets the needs of all of America.’ Project 2025 called for the privatization of all sorts of government agencies and services,

Amtrak, after investing more than $4 billion in a year to improve its creaky infrastructure and aging fleet, said it expected to make a profit for the first time under President Trump.