ICYMI: Musk admits that DOGE may only cut 15 percent of its stated $1 trillion goal - and even that figure may be high S

Musk admits that DOGE may only cut 15 percent of its stated $1 trillion goal - and even that figure may be high

https://www.msn.com/en-us/money/markets/musk-admits-that-doge-may-only-cut-15-percent-of-its-stated-1-trillion-goal-and-even-that-figure-may-be-high/ar-AA1CQcMc?ocid=winp1taskbar&cvid=e6e5bb667f8c41a7c6308744bb5ce811&ei=7

Story by Katie Hawkinson • 22h • 2 min read



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Musk told President Donald Trump’s cabinet the revised number in a meeting Thursday, back-tracking on his previous promises to cut $1 trillion in government spending by September 30, the end of the fiscal year.


However, a new analysis from The New York Times reveals that even Musk’s much-smaller goal likely isn’t feasible because DOGE has been inflating its progress with billion-dollar errors and making assumptions about future federal spending that isn’t set in stone.

DOGE continues to publicly report its savings on its website, labeling it the “Wall of Receipts.” The site, which was last updated Tuesday, is heavily error-ridden and shows a total of $150 billion in estimated savings, according to the Times.

While DOGE has cleared up some mistakes — including entries that mistakenly triple-counted some savings or reported billion when they meant million — others still remain, the outlet reports.

These errors include a reported $1.9 billion in savings from a canceled IRS contract. But the contract they cite was actually canceled under former President Joe Biden..........................