Almost a month into the Trump Administration, the Department of Government Efficiency has announced substantial savings in government spending.
DOGE, which is overseen by tech mogul Elon Musk, announced savings of $55 billion. The savings comes from a combination of fraud detection/deletion, contract/lease cancellations, contract/lease renegotiations, asset sales, grant cancellations, workforce reductions, programmatic changes, and regulatory savings, DOGE said on its website.
"We are working to upload all of this data in a digestible and fully transparent manner with clear assumptions, consistent with applicable rules and regulations," DOGE said.
The top 10 agencies based on savings from contracts and lease cancellations are:
- USAID (US Agency for International Development)
- ED (Department of Education)
- OPM (Office of Personnel Management)
- HHS (Health and Human Services)
- USDA (Department of Agriculture)
- DHS (Department of Homeland Security)
- GSA (General Services Administration)
- Commerce (Department of Commerce)
- EPA (Environmental Protection Agency)
- HUD (Housing and Urban Development)
The top 10 agencies based on savings from contracts and lease cancellations as a percentage of the budget are:
- USAID (US Agency for International Development)
- CFPB (Consumer Financial Protection Bureau)
- EOP (Executive Office of the President)
- GSA (General Services Administration)
- ED (Department of Education)
- OPM (Office of Personnel Management)
- DHS (Department of Homeland Security)
- Commerce (Department of Commerce)
- EPA (Environmental Protection Agency)
- USDA (Department of Agriculture)
DOGE's cuts included ending subscriptions to publications like Politico, Bloomberg and the Washington Post, which has saved more than $1.5 million.
Other savings include millions of dollars in real estate for offices throughout the country including $26 million for the Department of Labor in Washington, D.C.