from Your News:
The Department of Government Efficiency, led by Elon Musk, reports massive budget cuts, eliminating unnecessary expenditures and foreign payments.
By yourNEWS Media Newsroom
The U.S. Department of Government Efficiency (DOGE), a government watchdog agency helmed by Elon Musk under President Donald Trump’s administration, has already cut federal spending by approximately $1 billion per day, according to a statement released Tuesday.
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“DOGE is saving the Federal Government approx. $1 billion/day, mostly from stopping the hiring of people into unnecessary positions, deletion of DEI and stopping improper payments to foreign organizations, all consistent with the President’s Executive Orders,” DOGE stated in a social media post. “A good start, though this number needs to increase to > $3 billion/day.”
DOGE is saving the Federal Government approx. $1 billion/day, mostly from stopping the hiring of people into unnecessary positions, deletion of DEI and stopping improper payments to foreign organizations, all consistent with the President’s Executive Orders.
A good start,…
— Department of Government Efficiency (@DOGE) January 29, 2025
While not an executive department, DOGE operates as a temporary initiative aimed at identifying wasteful spending and restructuring government operations. The organization continues to expand, seeking to positively impact the federal budget by reducing unnecessary expenditures.
Analysts project that if DOGE maintains its pace, the initiative could lead to a deficit reduction of approximately $365 billion by January 2026, an amount equivalent to 20% of the FY2024 deficit of $1.8 trillion. These cuts could offset nearly 43% of the nation’s annual defense spending or significantly reduce interest payments on U.S. debt, which surpassed $882 billion last year.
The agency has actively highlighted its ongoing efforts to eliminate wasteful spending, with Musk calling for increased financial discipline across all federal agencies. The watchdog’s social media updates list numerous cost-cutting measures already implemented under the initiative.
