Economy

DOGE Cuts $845M in Federal Contracts to Combat Wasteful Spending and Inefficiency

Major Cuts Announced by DOGE

In a bold move to address inefficiency and wasteful spending, the United States Department of Government Efficiency (DOGE) has terminated 269 federal contracts. These contracts, with a total ceiling value of $845 million, were identified as not delivering value for money.

Significant Savings Achieved

The decision has led to a savings of $255 million. Among the contracts cut was a $50,000 consulting agreement with the Department of the Interior, aimed at providing "facilitation and collaborative problem-solving services."

Overall Impact on Taxpayers

According to the latest update on DOGE's website, the total savings from such measures amount to approximately $160 billion. This translates to a savings of $993.79 per taxpayer, showcasing the agency's commitment to fiscal responsibility.