Wall Street Wizardry
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Wall Street Wizardry

Politics

Musk says DOGE set to top $150B in fraud savings in FY 2026

by admin April 11, 2025
April 11, 2025
Musk says DOGE set to top $150B in fraud savings in FY 2026

DOGE Chief Elon Musk says the organization is set to save the U.S. government more than $150 billion in cuts to waste and fraud in FY 2026.

Musk made the comment during a public Cabinet meeting with President Donald Trump on Thursday. 

‘We anticipate savings in FY 26 from reduction of waste and fraud by $150 billion. And, I mean, and some of it is just absurd. Like people getting unemployment insurance who haven’t been born yet,’ Musk said.

‘People ask me how are you going to find waste and fraud in a government? I’m like, well, actually, just go in any direction. That’s how you find it. It’s very common. It’s, as a military would say, a target-rich environment,’ he continued.

‘So, I think we’re doing a lot of good, and in excellent collaboration with the Cabinet, to achieve these savings. And it will actually result in better services for the American people. And then we’re going to be spending their tax dollars in a way that is sensible and fair and good,’ he added.

Thursday’s Cabinet meeting comes less than a day after DOGE announced the cancelation of 108 ‘wasteful contracts’ on Wednesday.

DOGE said the contacts had a ceiling value of $250 million and a savings of $70 million. 

The problem contracts included a $14,000 commitment by the Department of Health and Human Services for an ‘executive transformational leadership training program.’

Another was a $5.2 million contract with the U.S. Office of Personnel Management, the human resources agency for the federal government, to ‘provide strategic advisory and assistance to improve and transform current processes and organizational systems.’

This post appeared first on FOX NEWS

previous post
China ramps up military ‘rehearsals’ around Taiwan, outstrips US in air, maritime, space
next post
In a first, Taiwan charges Chinese ship captain with damaging undersea cables

Related Posts

White House highlights over $2B in savings from...

May 9, 2025

GOP rebel mutiny threatens to derail Trump’s ‘big,...

May 16, 2025

DOGE helps State Department eliminate Biden admin’s DEI...

April 8, 2025

Trump-district Democrat warns party ‘in trouble’ ahead of...

March 25, 2025

USAID staffers stunned, angered by Trump admin’s DOGE...

February 6, 2025

Schumer calls on Leland Dudek, acting commissioner of...

April 16, 2025

Ron Klain dodges reporters after marathon grilling in...

July 25, 2025

Conservatives rally around ‘rock star’ Leavitt after first...

January 29, 2025

Trump AG nominee Pam Bondi advances to final...

February 4, 2025

Obama denies Trump’s ‘bizarre allegations’ that he was...

July 23, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 2

      Financial Agreement signed releasing $2M grant

      January 23, 2025
    • 3

      US security contractor will take charge of key checkpoint in Gaza as Israeli forces withdraw

      January 25, 2025
    • 4

      Trump re-designates Iranian-backed Houthis as terrorists: ‘Threaten[s] security of American civilians’

      January 23, 2025
    • 5

      Cyclopharm Signs US Agreement with HCA Healthcare for Technegas®

      January 23, 2025
    • 6

      Universal’s ‘Wicked: For Good’ creates a unique marketing challenge

      January 26, 2025
    • 7

      FDA officially authorizes Zyn nicotine pouches for sale following health review

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: wallstreetwizardry.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.


    Copyright © 2025 wallstreetwizardry.com | All Rights Reserved