• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

$72,000,000,000 Slashed by Elon Musk’s DOGE? Here’s Every Item Officially Gutted by Trump’s Efficiency Squad

February 8, 2025
in Regulation
Reading Time: 4min read
0 0
A A
0
$72,000,000,000 Slashed by Elon Musk’s DOGE? Here’s Every Item Officially Gutted by Trump’s Efficiency Squad
0
SHARES
1
VIEWS
ShareShareShareShareShare

Elon Musk’s contentious Department of Government Efficiency (DOGE), created by an executive order from President Trump, says it has slashed billions of dollars in spending.

However, to date the agency has not created a way for the public to easily view everything that has been gutted.

Late last month, DOGE said it’s saving about $1 billion per day and the US Debt Clock, which is not affiliated with the government, says DOGE has saved more than $72 billion at time of publishing.

With that in mind, here’s a list of specific items that have been cut to date and verified by the official DOGE account on X.

• $165 million – Termination of 36 consulting contracts across six agencies targeting “strategic communication” and “executive coaching,” including a Department of Homeland Security (DHS) contract for “people and culture survey and climate support services.”
• $15 million – Termination of three DEI training grants.
• $45 million – Cancellation of DEI scholarships in Burma.
• $420 million – Cancellation of current and impending contracts, including DEI contracts and unoccupied buildings.
• $250 million – Termination of 199 contracts across 35 agencies, including contracts for climate change services and workshops.
• $110 million – Termination of 78 contracts across DEI, Non-Performing, Media, and Consulting categories, including one for “groundwater exploration and assessment in the Islamic Republic of Mauritania.”
• $30 million – Termination of 12 consulting contracts in GSA and the Department of Education, including a $23 million work order for “digital modernization Program Management Office support.”
• $3 million – Termination of 12 underutilized lease cancellations.

Some of the most public and controversial cuts from the Trump administration have been made at the U.S. Agency of International Development (USAID), which has reportedly witnessed its staff reduced from thousands of employees worldwide to just 290 foreign service officers and civil servants.

The agency, which was created to promote international development and humanitarian assistance, has been accused by Musk of spending millions of dollars on bioweapons research, attempts to influence news media through government-paid subscriptions, DEI spending and other activities.

White House press secretary Karoline Leavitt says USAID’s spending also included the following.

• $2 million – Funding for gender transitions in Guatemala.
• $6 million – Funding for tourism in Egypt.
• $20 million – Funding for a new Sesame Street show in Iraq.
• $4.5 million – Funding to combat disinformation in Kazakhstan.

Despite anecdotes on spending at USAID, an official dollar value on cuts at the agency has not been confirmed by the administration or the DOGE team.

DOGE has also touted cuts made by other agencies, such as $4 billion in annual savings at the National Institutes of Health, which lowered the maximum indirect cost rate research institutions can charge the government.

In addition, DOGE detailed $182 million saved by the Department of Health and Human Services, which terminated “administrative expenses” that don’t directly touch health care programs.

Musk also played a key role in the creation of a buyout program for federal workers, which according to Reuters has led to at least 60,000 federal employees preparing to leave in the next eight months.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney


Credit: Source link

ShareTweetSendPinShare
Previous Post

Bitcoin Dominance Tipped To Hit 57% — Altseason Incoming?

Next Post

The Hero Shooter Genre Is Booming—Does ‘Shatterline’ Stand Out?

Next Post
The Hero Shooter Genre Is Booming—Does ‘Shatterline’ Stand Out?

The Hero Shooter Genre Is Booming—Does 'Shatterline' Stand Out?

You might also like

Bitcoin Price Prediction: Florida’s Crypto Bill and $198B U.S. Surplus Boost Market Outlook

Washington Man Sentenced to 2 Years for Diverting $35M to Failed DeFi Platform

March 7, 2026
Vitalik Buterin Says Ethereum Should Be Bolder, Here’s Why

Vitalik Buterin Says Ethereum Should Be Bolder, Here’s Why

March 7, 2026
U.S. Department of Veterans Affairs Extends Oracle EHR Modernization Contract

Oracle Secures Fourth Spot in Chartis RiskTech100 2026 Rankings

March 3, 2026
[LIVE] Ethereum Price Developments, October 22: Live News and Price Updates as ETH Price Crashes to $3800

$31.6M Ethereum Leaves Exchanges as Supply Hits Multi-Year Lows – Is a Price Reversal Coming?

March 6, 2026
CLARITY Act News: Trump Administration Confronts Banks Over Crypto Banking Access

CLARITY Act News: Trump Administration Confronts Banks Over Crypto Banking Access

March 4, 2026
Leading AI Claude Predicts the Price of XRP, Solana and Cardano by the end of 2026

Leading AI Claude Predicts the Price of XRP, Solana and Cardano by the end of 2026

March 5, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Ethereum Price Defends $2,000 Support as RSI Hits Near-Oversold Levels

Ethereum Price Defends $2,000 Support as RSI Hits Near-Oversold Levels

March 10, 2026
Startup Plans to Mine BTC in Orbit

Startup Plans to Mine BTC in Orbit

March 10, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.