DOGE’s claim that it saved $8 billion by canceling an $8 million contract raises questions about its ‘wall of receipts’
Elon Musk’s Department of Government Efficiency disclosed for the first time this week a snapshot of some of the government contracts it has canceled, claiming to have saved taxpayers about $55 billion.
DOGE Claimed It Saved $8 Billion in One Contract. It Was Actually $8 Million.
By Wednesday morning, DOGE had updated its list to show $8 million in savings, though it did not acknowledge the error or explain how it might affect its calculation of total money saved, which remained unchanged. A loss of $8 billion in savings would represent nearly 15 percent of the total savings claimed by DOGE.
DOGE team's "wall of receipts" shows errors in tallying billions in savings
The initial accounting by DOGE of its estimated savings was overstated by billions of dollars, a review by CBS News found.
Musk's DOGE touted slashing an $8 billion contract. It actually cut $8 million.
The $7.992 billion mistake raises questions about DOGE's accounting and savings claims as it works to swiftly gut the federal bureaucracy.
DOGE Contract Cuts Worth $8.5 Billion So Far, a Fraction of Federal Outlays
Tech billionaire Elon Musk's government cost-cutting effort has so far pared hundreds of relatively small contracts it says have saved U.S. taxpayers $8.5 billion, according to a Reuters analysis of partial data published by his team,
The math questions behind DOGE's $55 billion savings claim
The Elon Musk-led DOGE's latest update on an accounting of its cost-cutting measures to date raises more questions than answers: It didn't take long before at least one major error was identified in its receipts.
Elon’s DOGE Claimed It Saved $8 Billion. The Real Figure Was $8 Million.
Elon Musk’s Department of Government Efficiency claims to be fighting the scourge of government “waste” and fraud and, this week, DOGE claimed that it had already saved taxpayers tens of billions of dollars.
Has DOGE really saved $55 billion?
Although the Department of Government Efficiency announced this week that it has saved American taxpayers $55 billion, data reporting procedures at the federal government make it impossible to know precisely how many taxpayer dollars DOGE has actually saved.
How long $1 million of retirement savings will take to run out in every U.S. state—it’s only 12 years in Hawaii
Naturally, adults saving in preparation for their golden years will likely have different goalposts and budgets, depending on ...
Will DOGE savings be passed on in stimulus checks? Trump, from Florida, said he's considering idea
A suggestion gathering steam on social media calls for DOGE savings to be sent to taxpayers via stimulus checks. President ...
Could Trump really return DOGE savings to taxpayers?
With the annual budget deficit at $1.8 trillion last year and Trump proposing extensive tax cuts, there will also be ...
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54 Year Old Retiree With A $4 Million 401(K) Doesn’t Know What To Do
When you are 54 and you are retired with millions, you are in a position that’s different from where many Americans find ...
5 Jets cuts and restructures that would save $62 million for 2025
The New York Jets are looking to make a clean break from the Aaron Rodgers era and start fresh in 2025. They can clear over ...
Broadview Heights may use $11.5 million in savings to build new fire station
Broadview Heights City Council on Monday introduced legislation that would appropriate $11.5 million in municipal savings ...
Trump backs ‘DOGE dividend,’ floats debt paydown using Musk savings
President Donald Trump threw his support behind the idea of a “DOGE dividend,” a check that could be mailed out to 80 million ...
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Fact-checking DOGE's claims to have found more than $50 billion in waste and fraud
President Trump claims that the Department of Government Efficiency will cut “hundreds of billions” of dollars from the federal budget.