by Emmitt Barry, Worthy News Correspondent
(Worthy News) – DOGE, led by Elon Musk, reports $55 billion in federal savings since its inception on February 17.
According to DOGE’s website, the $55 billion in savings resulted from fraud elimination, contract and lease renegotiations and cancellations, asset sales, grant cancellations, workforce reductions, program changes, and regulatory savings across federal agencies.
“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 stated.
DOGE’s website now includes a detailed “wall of receipts” to verify its savings and lists the top ten agencies with the highest contract savings.
On Feb. 17, DOGE reported discovering $4.7 trillion in Treasury Department payments lacking account identification codes, complicating traceability.
The Treasury Access Symbol (TAS) is an identification code linking a Treasury payment to a budget line item (standard financial process).
In the Federal Government, the TAS field was optional for ~$4.7 Trillion in payments and was often left blank, making traceability almost…
— Department of Government Efficiency (@DOGE) February 17, 2025
“In the Federal Government, the TAS field was optional for ~$4.7 trillion in payments and was often left blank, making traceability almost impossible,” DOGE stated in a social media post.
“As of Saturday, this is now a required field, increasing insight into where money is actually going.”
Upon assuming office on Jan. 20, President Donald Trump signed an executive order renaming the U.S. Digital Service to DOGE. The order assigns it to identify potential downsizing and cost-saving opportunities within federal agencies and sets a completion deadline of July 4, 2026.
Elon Musk has previously stated his goal to identify up to $2 trillion in potential savings.
Copyright 1999-2026 Worthy News. This article was originally published on Worthy News and was reproduced with permission.
More Worthy News
Israel signaled a major escalation in its war against Iran on Thursday as the Israeli Air Force struck the Parchin military complex near Tehran, part of what military leaders describe as the “next phase” of the campaign aimed at dismantling Iran’s military capabilities.
The U.S. economy unexpectedly lost 92,000 jobs in February, according to new data released Friday by the Bureau of Labor Statistics, marking a sharp reversal from earlier forecasts that predicted modest job growth.
The United Arab Emirates is considering freezing billions of dollars in Iranian assets held within its financial system, a move that could severely restrict one of Tehran’s most important economic lifelines, according to a Wall Street Journal exclusive citing officials familiar with the discussions.
Congressional efforts to halt the U.S. military’s operations in Iran have now failed twice, with the U.S. House tanking a War Powers Resolution only a day after it was rejected in the Senate.
A Christian man in Malta who faced jail time for publicly stating he had left the gay lifestyle said he “praises God” after being acquitted following a three-year legal battle in a case that could have wider European ramifications.
Israel says its war against Iran is entering a more intense phase after the Israeli Air Force achieved broad air superiority and severely weakened the regime’s military infrastructure.
Concerns grew Thursday that the U.S.-Israeli conflict with Iran could affect the war in Ukraine, amid fears Washington may soon lack sufficient munitions to continue supporting Kyiv, including through its European allies.