Elon Musk Confident DOGE Can Cut $1 Trillion in Federal Spending Without Service Disruptions

The Department of Government Efficiency claims $130 billion in savings so far, as it targets waste and inefficiencies with a Silicon Valley-inspired approach.

Elon Musk stated that a 15% reduction in federal spending is achievable without impacting critical government services, focusing on eliminating waste and fraud.
DOGE has saved $130 billion in its first three months, canceling contracts, programs, and redundant initiatives such as diversity and inclusion efforts.
Recent efforts include terminating over 100 contracts, including a U.S. Department of Agriculture program addressing climate change in Peru.
Critics argue that DOGE's rapid reforms, including layoffs and reversals, risk destabilizing agencies and question its authority to cancel contracts and access federal systems.
Gary Cohn supports DOGE's goals, advocating for consolidating financial regulators to improve efficiency and reduce redundancy in oversight.