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 1999-2025 Worthy News. This article was originally published on Worthy News and was reproduced with permission.
Latest News from Worthy News
France and Germany are reeling from knife attacks linked to Islamic extremism and antisemitism in which at least one person was killed and six injured.
Hamas released six Israeli hostages on Saturday, just hours after it handed over the body of hostage Shiri Bibas, a mother whose two children were killed.
Israeli citizens were shocked when Prime Minister Benjamin Netanyahu on Friday recounted the horrific events leading to the deaths of Ariel Bibas, aged 4, and Kfir Bibas, aged 1. Their bodies were returned to Israel on Thursday without their mother.
Israeli Prime Minister Benjamin Netanyahu announced intensified Israeli counterterror efforts after Thursday’s attempted bus bombings. The operation led to the detention of about 90 suspects and the confiscation of over 15 weapons.
An alleged Chinese spy, human smugglers and violent criminals are the latest to be arrested by U.S. Immigration and Customs Enforcement and other federal agents in Florida.
“I am thinking of leaving the Netherlands if there is a war again in Europe,” says Aafje van Kampen, a Dutch painter and graphic artist who happens to be the mother of a Worthy News agency reporter.
Mexico’s president unveiled constitutional reforms Thursday amid concerns over possible American military intervention in her country after U.S. President Donald J. Trump designated six Mexican drug cartels as “foreign terrorist” organizations.