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.
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