Federal Credit Card Spending Reaches $40 Billion, DOGE Pledges Reform
The Department of Government Efficiency, led by Elon Musk, uncovers extensive federal credit card usage and plans to streamline the system within a week.
- The Department of Government Efficiency (DOGE) revealed that federal agencies used approximately 4.6 million active credit cards for 90 million transactions totaling $40 billion in fiscal year 2024.
- The Department of Defense accounted for the largest share of spending, with 2.4 million accounts and over 27.2 million transactions.
- DOGE, under President Trump's directive for 'radical transparency,' aims to simplify the federal credit card program and reduce administrative costs, with an update promised within a week.
- Audits of government credit card use revealed significant waste, including $500,000 spent at casinos, nightclubs, and sporting events, as well as $1.2 billion in unreviewed transactions.
- The federal credit card program, managed by the General Services Administration since 1998, has faced ongoing scrutiny for misuse and inefficiencies despite claims of increased accountability.