• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Hegseth says Defense Dept eliminates hundreds of millions in ‘wasteful’ spending after DOGE findings

by March 21, 2025
written by March 21, 2025

U.S. Defense Secretary Pete Hegseth said wasteful spending is over as he signed a memo to cancel over $580 million in Department of Defense (DoD) contracts.

‘We’re back with another quick update on our efforts to cut wasteful spending and cut it quickly at the Department of Defense,’ Hegseth announced in a post on X.

‘Today, I’m signing a memo directing the termination of over $580 million in DoD contracts, in grants that do not match the priorities of this president or this department. In other words, they are not a good use of taxpayer dollars.’

Hegseth said that they owe Americans transparency, sharing details on some of the contracts and grants that have been canceled.

‘There’s an HR software effort that was supposed to take a year and cost $36 million, but instead it’s taken eight years and is currently $280 million over budget, not delivering what it was supposed to. So that’s 780% over budget. We’re not doing that anymore,’ Hegseth vowed.

Hegseth added that they uncovered another batch of DoD grants, totaling $360 million worth, that decarbonizing emissions from Navy ships – part of the Obama-Biden Green agenda. 

‘That’s 6 million bucks, $5.2 million on something that would diversify and engage the Navy by engaging underrepresented Bipoc students and scholars. Another $9 million at a university to approach equitable AI and machine learning models. I need lethal machine learning model, not equitable machine learning models,’ Hegseth explained.

On this third point, Hegseth said Thursday’s other cuts included wasteful spending on external consulting services. 

’30 million bucks in contracts with Gartner and McKinsey. That’s IT purchasing unused licenses. So when you add it all up, $580 million in DoD contracts and grants DOGE is helping us cut today,’ Hegseth said.

When added up all together, Hegseth said that over $800 million in wasteful spending has been canceled over the first few weeks, as DoD partners with DOGE ‘to make sure that our warfighters have what they need by cutting the waste, fraud, and abuse.’

‘They’re working hard. We’re working hard with them. We appreciate the work that they’re doing, and we have a lot more coming. So stay tuned,’ Hegseth said. 

‘So, might as well not waste any more time right now, just sign this thing. How about that? So this makes it official. We’re going to keep going for you guys,’ Hegseth said while signing the orders. 

‘Have we ever seen this level of transparency? Amazing, thank you @SecDef,’ Rep. Nancy Mace, R-S.C., commented on Hegseth’s post.

Back in February, Hegseth committed to cooperating with DOGE to cut wasteful spending at the Department of Defense.

‘We will partner with them. It’s long overdue. The Defense Department’s got a huge budget, but it needs to be responsible,’ Hegseth previously told Fox News. 

As of Thursday afternoon, 239 ‘wasteful’ contracts with a ‘ceiling value’ of $1.7 billion have been terminated over a two-day period, DOGE announced. 

Fox News Digital’s Deirdre Heavey and Louis Casiano contributed to this report.

Stepheny Price is a writer for Fox News Digital and Fox Business. She covers topics including missing persons, homicides, national crime cases, illegal immigration, and more. Story tips and ideas can be sent to stepheny.price@fox.com

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
‘Woefully insufficient’: US judge reams Trump admin for days-late deportation info
next post
JD Vance takes shot at Harris as he jokes that drinking led to her ‘word salads’

related articles

Why a credit freeze isn’t the end of...

February 21, 2026

Trump torches ‘stupid’ AOC’s Munich showing, tees up...

February 21, 2026

DAVID MARCUS: To burnish Trump’s legacy, we need...

February 21, 2026

BROADCAST BIAS: Idea of giving politicians equal time...

February 21, 2026

Israelis keep suitcases packed and ready as Trump...

February 21, 2026

EPA scraps Biden coal restrictions, and advocates say...

February 21, 2026

CIA retracts, revises 19 past intelligence assessments deemed...

February 21, 2026

Trump signs off on 10% global tariff, criticizes...

February 21, 2026

EPA scraps Biden coal restrictions as advocates say...

February 21, 2026

RFK Jr defends Trump move to protect pesticide...

February 20, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Here is what‘s in the Department of Justice’s latest Epstein files drop

    December 20, 2025
  • Trump, Harris neck and neck as Dems lose ground among Latino, Black voters: poll

    October 21, 2024
  • China accuses US of ‘turning space into a warzone’ with Trump’s Golden Dome missile defense project

    May 21, 2025
  • Dow jumps 1,000 points as Nvidia, Broadcom spark tech-led market comeback

    February 9, 2026
  • ‘Red tape’: Trump admin unleashes DOGE-aligned process to fire federal workers for misconduct

    June 2, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,023)
  • Investing (1,019)
  • Stock (979)

Latest Posts

  • Ethereum has been under a lot of pressure in recent days

    August 5, 2024
  • US indictments reveal AI use in Russia disinformation campaign targeting 2024 election

    September 10, 2024
  • Amazon AI scammers duped investors out of millions with ‘passive income’ scheme, FTC alleges

    March 19, 2025

Recent Posts

  • ‘Overblown’ reports on Israel-Lebanon normalization risk hindering border talks before they begin: official

    March 12, 2025
  • Trump administration defends US and Israeli sovereignty with new sanctions against four ICC judges

    June 5, 2025
  • In one of last speeches in office, Biden attempts to rehabilitate image of late segregationist Strom Thurmond

    January 6, 2025

Editor’s Pick

  • Inside the FAA’s race to train air traffic controllers: ‘It’s going to take time’

    July 14, 2025
  • Iranian president says his country is at ‘total war’ with the US, Israel and Europe: reports

    December 28, 2025
  • Top Republican touts ‘real motivation’ behind House DOGE Caucus’ mission before first meeting

    December 17, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock