Nearly 40% of contracts canceled by DOGE are expected to produce no savings
- Posted on February 25, 2025
- By Business News Today
- 3 Views
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Nearly 40% of contracts canceled by DOGE are expected to produce no savings
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The Trump administration claimed to cancel 1,125 federal contracts for cost-cutting, but 40% of these cancellations won't save money. The Department of Government Efficiency, led by Elon Musk, terminated these contracts, including those already paid for, totaling $478 million. Experts question the actual savings and suggest a more effective approach.