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| Will Oliver/EPA/Bloomberg via Getty Images |
Department of Government Efficiency (DOGE) savings have reached an impressive $160 billion, according to the latest update on the official DOGE website.
DOGE currently has taxpayer savings — which include “asset sales, contract/lease cancellations and renegotiations, fraud and improper payment deletion, grant cancellations, interest savings, programmatic changes, regulatory savings, and workforce reductions” — at an estimated $160 billion. This comes down to about $993.79 of savings per taxpayer.
Over the last week, DOGE has provided updates on taxpayer savings via the cancellation of wasteful contracts, terminating 179 in a two-day time span alone. According to DOGE, the ceiling value of these contracts came to $1.87 billion, resulting in a total savings of $280 million. Those contracts included “a $1.8M US Trade & Development contract for ‘energy and climate advisory services’, a $207k HHS consulting contract for a ‘grant writing workshop’ and an $89k Treasury contract for a ‘country program manager in Namibia.'”
Contract update!
— Department of Government Efficiency (@DOGE) April 29, 2025
In the last two days, agencies terminated 179 wasteful contracts with a ceiling value of $1.87B and savings of $280M, including a $1.8M US Trade & Development contract for “energy and climate advisory services”, a $207k HHS consulting contract for a “grant… pic.twitter.com/yaKcWcjd4L
In another contract update posted on Thursday, DOGE announced the cancellation of 401 contracts with a ceiling value of $2.1 billion and savings of $613 million. One of the contracts terminated was a $276,000 contract for what DOGE described as a “Kenya program coordinator.”
Others included a “$228k Treasury contract for ‘Kenya, Uganda, Namibia and Tanzania cruiser vehicles’, a $24k DHS contract for ‘two day training on equal opportunity in employment’, a $15k DHS contract for ‘Out and Equal workplace advocates’, and a $5.9M DoC contract for ‘environmental consulting support services,'” per DOGE. --->READ MORE HERE
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| Andrew Harnik/Getty Images |
Elon Musk admitted that his cost-cutting Department of Government Efficiency (DOGE) has not lived up to his initial promises to slash federal spending by $2 trillion.
"In the grand scheme of things, I think we've been effective. Not as effective as I'd like. I think we could be more effective. But we've made progress," Musk told reporters at the White House on Wednesday.
Newsweek contacted Musk for further comment via email to the Tesla press office on Friday.
Why It Matters
President Donald Trump's DOGE has been one of the most radical initiatives to restructure the federal government in decades, aiming to slash waste, cut spending and reduce bureaucracy. However, the department has faced fierce criticism and legal actions and has not managed to achieve the lofty cost-cutting goals that Musk initially touted.
What To Know
Trump's billionaire ally initially projected that DOGE would cut $2 trillion in federal spending, a figure he later revised down to $1 trillion.
In his interview with reporters on Wednesday, Musk claimed that DOGE so far has saved an estimated $160 billion in federal spending, which included eliminating about 1 percent of the federal workforce, or 20,000 jobs. --->READ MORE HERE
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