Connect with us

Hi, what are you looking for?

Economy

DOGE boasts dozens of contract cancellations on Wednesday, totaling over $150M in savings

The Department of Government Efficiency (DOGE) announced the cancellation of at least 58 contracts on Wednesday, resulting in more than $150 million in savings for the American taxpayer.

In a Wednesday evening post on X, the agency headed by tech billionaire Elon Musk said the contracts canceled fell under the media, DEI and consulting categories at various agencies, including the Department of Homeland Security and the Department of Transportation.

’58 cancellations with savings of >$150M in categories including Media, DEI, and Consulting. This includes $405K at DHS for ‘resilience, energy, and sustainability management program support services’ and ~4M at DoT for ‘DEIA program and project management support services,” the post said.

Later Wednesday evening, DOGE also confirmed the Department of Education slashed its budget by canceling around $9 million in contracts that left students ‘no better off.’

Those contracts included $4.6 million to coordinate zoom and in-person meetings, $3 million to write a report that showed prior reports were not utilized by schools, and $1.4 million to physically observe mailing and clerical operations, according to the DoE.

DOGE described the aforementioned cancellations as a ‘good start.’

‘We want to ensure that every dollar being spent is directed toward improving education for kids – not conferences and reports on reports,’ the DoE posted on X.

DOGE also announced its website creating transparency in government spending officially launched under the URL doge.gov.

Though certain aspects on the website are not yet available, the homepage includes all of DOGE’s posts on X, while other tabs feature a ‘consolidated government org chart’ and a ‘summary of the massive regulatory state, including the unconstitutionality index ratio.’

Two other highly anticipated categories, a running description of each cost reduction with receipts and an overall savings scoreboard, will hopefully be live by Valentine’s Day, DOGE said.

‘We will constantly be working to maximize the site’s utility and transparency. Please let us know what else you want to see!’ DOGE said on X.

President Donald Trump, who established DOGE via an executive order to ‘maximize governmental efficiency and productivity,’ has praised the agency’s efforts thus far by acknowledging ‘massive amounts’ of fraud, waste, incompetence and abuse have been located and addressed.

This post appeared first on FOX NEWS
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Investing

    Overview Rua Gold (CSE:RUA,OTC:NZAUF,WKN:A4010V,OTCQB:NZAUF) is a gold exploration company focused on two prolific, historic gold-producing regions in New Zealand: Hauraki Goldfield and Reefton Goldfield....

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Stock

    Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for...

    Economy

    The Israel Defense Forces (IDF) announced the death of Fuad Shukr, the Hezbollah commander who was behind a drone strike that killed 12 children...

    Disclaimer: wisetradeinvesting.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.