$420m cut by DOGE in its first week, because Elon is a troll and life, even government, is all about making dumb jokes. This from the guy who definitely didn't think it would be funny to make people believe he was doing a neo-nazi salute. They had 2 months to plan this out and this paltry amount is what they hit the ground running with. Hopefully, they were scaling back to make the joke and not scaling up.
"According to Business Insider's calculations, that amounts to cancelling about $126 million worth of contracts per day. If the group works at that pace all of the 530 days between January 20, 2025, and DOGE's target end date of July 4, 2026, it would cancel around $67 billion in contracts each year. That would end up being about 3% of Musk's original goal of slashing $2 trillion from the federal budget, or 7% of his
pared-down goal of $1 trillion."
The group on X said that it had canceled around $420 million in contracts, putting it on track to reach 3% of Musk's initial cost-cutting target.
www.yahoo.com