Elon Musk’s DOGE Initiative Saves U.S. Government $1B Daily—Aims for $3B Target

BigBullCryptoNews

DOGE Slashes $1B Daily in Government Waste—Targets $3B in Savings

The Department of Government Efficiency (DOGE) is making waves by cutting $1 billion in federal spending each day, with ambitions to push savings to $3 billion. According to a post on X (formerly Twitter) on Jan. 28, DOGE has achieved these reductions by halting unnecessary hires, dismantling diversity, equity, and inclusion (DEI) programs, and eliminating improper foreign payments.

Hire Blockchain Developers: DigiCodeGlobal IT Services

DOGE, which was inspired by Tesla and SpaceX CEO Elon Musk and businessman Vivek Ramaswamy, aligns with President Donald Trump’s Executive Orders aimed at curbing government waste. The agency wrote on X:

“DOGE is saving the federal government approx. $1 billion/day, mostly from stopping the hiring of people into unnecessary positions, deletion of DEI, and stopping improper payments to foreign organizations, all consistent with the President’s Executive Orders.”

While Ramaswamy initially played a key role in DOGE’s direction, he later stepped away to focus on his political and business ventures. Musk, on the other hand, has remained a vocal supporter of the initiative, frequently warning about the dangers of excessive government spending. Reacting to DOGE’s progress, Musk simply commented, “Progress.”

However, DOGE isn’t stopping at $1 billion per day. The agency wrote:

“A good start, though this number needs to increase to > $3 billion/day.”

Read More: Ripple CEO Applauds New Treasury Secretary, Anticipates Pro-Crypto and Tech-Friendly Policies

To reach this ambitious goal, DOGE plans to conduct further agency reviews, identify redundant roles, scale back foreign aid that doesn’t align with national interests, and phase out outdated government programs. Additional measures include streamlining bureaucratic processes and reducing inefficiencies across departments.

Musk has long voiced concerns about the U.S. national debt and unsustainable spending. When asked on X whether the country could achieve a budget surplus within the next four years—a feat not accomplished since 2001—Musk responded, “It’s not out of the question.”

Hire Blockchain Developers: DigiCodeGlobal IT Services

With aggressive cost-cutting measures in place, DOGE’s efforts could mark a significant shift toward fiscal responsibility in Washington.