US GOVERNMENT ALREADY SAVING ONE BILLION A DAY$

Elon Musk’s DOGE Already Saving $1 Billion/Day

The watchdog group is headed up by Elon Musk and is still expanding in size and scope. It aims to positively affect the country’s financial bottom line.

“If this trend continues, it could reduce the national deficit by $365 billion by January 2026—equivalent to a 20% cut in the FY2024 deficit of $1.8 trillion,” Coinpedia said Wednesday. “For context, the U.S. spent around $850 billion on defense in 2024, meaning DOGE’s savings could cover almost 43% of that budget. Additionally, with U.S. interest payments on debt reaching $882 billion last year, reducing the deficit by $365 billion could lower interest costs by over $12 billion annually.”

Elon Musk’s DOGE Already Saving $1 Billion a Day

President Donald Trump’s new government watchdog agency that’s headed up by Elon Musk, the U.S. Department of Government Efficiency (DOGE), announced it has already reduced federal spending by approximately $1 billion per day.

“DOGE is saving the Federal Government approx. $1 billion/day, mostly from stopping the hiring of people into unnecessary positions, deletion of DEI and stopping improper payments to foreign organizations, all consistent with the President’s Executive Orders. A good start, though this number needs to increase to > $3 billion/day,” the Department said in a social media post Tuesday.

Notably, DOGE is not a full-fledged federal executive department. Rather, it is a temporary organization focused on reducing government spending as part of Trump’s overall economic policy.

The watchdog group is headed up by Elon Musk and is still expanding in size and scope. It aims to positively affect the country’s financial bottom line.

“If this trend continues, it could reduce the national deficit by $365 billion by January 2026—equivalent to a 20% cut in the FY2024 deficit of $1.8 trillion,” Coinpedia said Wednesday. “For context, the U.S. spent around $850 billion on defense in 2024, meaning DOGE’s savings could cover almost 43% of that budget. Additionally, with U.S. interest payments on debt reaching $882 billion last year, reducing the deficit by $365 billion could lower interest costs by over $12 billion annually.”

The group’s social media page lists numerous budget cuts that it has successfully lobbied for.