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

Less than half of DOGE-terminated contracts can be publicly tracked, only about a quarter of grants: watchdog

by May 29, 2025
written by May 29, 2025

With Elon Musk’s departure from the agency, there’s debate roiling over how effective the Department of Government Efficiency’s (DOGE), has been in its mission.

In a report released just two days prior to Musk stepping down, financial watchdog Open The Books published a report finding it is likely impossible for the average American taxpayer to track the savings associated with the contracts and grants that were terminated by the DOGE team.

According to Open The Books’ analysis, which mined all the data published on DOGE’s official website, the average American taxpayer would likely only be able to confirm 42% of contracts and 27% of grants through an independent review of public federal spending databases.

‘This doesn’t mean these targets aren’t real, it simply means it’s very hard for taxpayers who want to see additional savings to find proof and evidence of savings,’ Open The Books points out in its analysis, shared in a report the group released Tuesday.

 

‘Because taxpayers don’t have access to real-time transparency and a real-time look at the Treasury Payment System, it’s still too difficult for even a highly motivated Joe Taxpayer to confirm the savings claims DOGE is making,’ the analysis, released ahead of Elon Musk stepping down from running the agency, continued. ‘It’s also far too easy for critics to sew [sic] doubt and confusion.’

DOGE says on its website that the group’s work up to this point has provided the American taxpayer with $175 billion in ‘estimated’ savings from the elimination of contracts, grants and leases, as well as through renegotiations, fraud and improper payment deletion and other mechanisms. 

However, DOGE’s estimated savings have been contested by watchdog groups and budget experts. Such critics have posited that the inclusion of already canceled contracts, double-counting or misrepresentation of contract values, and the unaccounted cost burden that could be imposed on the government when it has to re-hire folks down the line, or revamp its productivity, due to DOGE cuts, have led to inflated savings estimates. 

Nate Malkus, a senior fellow at the conservative-leaning American Enterprise Institute, has accused DOGE of ‘overestimating contracts by a factor of two,’ according to CBS News.

 

But White House spokesperson Harrison Fields told Fox News Digital that DOGE has produced ‘historic savings’ for the American people.

‘DOGE is working at record speed to cut waste, fraud, and abuse, producing historic savings for the American people,’ Fields said. ‘The DOGE Wall of Receipts provides the latest and most accurate information following a thorough assessment, which takes time. Updates to the DOGE savings page will continue to be made promptly, and departments and agencies will keep highlighting the massive savings DOGE is achieving.’

‘DOGE and Elon Musk have done the country an incredible service by identifying savings targets,’ added Open The Books CEO John Hart. ‘Having worked on the last major deficit commission with the late Senator Tom Coburn, we would have been elated to have had Musk in our corner. Now it’s up to Congress to not only turn DOGE’s recommendations into durable savings but to go beyond DOGE’s scope and truly tackle our long-term debt and deficit crisis.’

Open The Books highlighted two ‘common sense’ standards to help establish an ‘intellectually honest’ approach to understanding the true impact of government cuts, such as those being recommended by DOGE.

The first is the ‘durable standard,’ which asks whether a proposed cut can be easily reversed.

‘Describing something as ‘durable’ does not mean it is permanent or irreversible; it simply means it is hard to reverse,’ the Open The Books’ analysis stated. ‘The most durable budget cut in our constitutional system would be passed by Congress, signed into law by the president and be clearly constitutional, or unassailable in a court challenge. Budget cuts become less durable when they lack any of these three elements.’

The second is called a ‘duty standard,’ which illuminates the power behind certain cuts based on who is trying to impose them.

‘In our constitutional system, the founders gave the job of budget savings to three branches but primarily to Congress,’ Open The Books points out. ‘DOGE’s job is to identify, not enact, savings targets. It’s up to Congress to do the heavy lifting. And We the People have a responsibility to be informed and hold our elected officials accountable.’

Open The Books ultimately concluded that due to various limitations associated with publicly available data on government spending and revenue, in particular a lack of real-time access to the government’s Treasury Payment System, it is still too difficult for even the most motivated average American citizen to either confirm, or deny, the savings claimed by DOGE.

Elon Musk officially stepped down from his role as DOGE chief Thursday evening, as his position of ‘special government employee’ in the Trump administration was limited by law to a few months. Amid the transition, Musk criticized Republicans’ spending bill that was passed ahead of Memorial Day in the House, indicating he was ‘disappointed’ it would increase the federal deficit. 

‘I was disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decrease it, and undermines the work that the DOGE team is doing,’ Musk told CBS News in an interview that will air in full on June 1.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says
next post
Flashback: Top five wildest moments from Elon Musk’s DOGE tenure as it comes to an end

related articles

Top cops out: The attorney general firings and...

April 6, 2026

‘God is good’: Inside the high-risk US mission...

April 6, 2026

CENTCOM commander directed strike against an IRGC headquarters...

April 6, 2026

Trump touts airman rescue mission, boasts Iran could...

April 6, 2026

President Trump makes endorsement in California gubernatorial race:...

April 6, 2026

Iran war nears ‘completion’ as Trump eyes deadline...

April 6, 2026

Primary pause, political firestorm: High-stakes elections this month...

April 6, 2026

GOP races to pass ICE, Border Patrol funding...

April 6, 2026

Trump vows US will strike Iran’s power plants,...

April 5, 2026

Inside the daring rescue of airman behind enemy...

April 5, 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

  • Echoing Hamas, Erdogan reportedly calls for Israel’s destruction amid push to rekindle ties with Trump

    March 31, 2025
  • TREY YINGST: Hamas must accept Trump peace plan to end war once and for all

    October 1, 2025
  • Musk says Trump would have lost 2024 election without him as ‘Big, Beautiful Bill’ feud continues

    June 5, 2025
  • Bitcoin & Ethereum Analysis: BTC Hits High, ETH Is Steady

    November 15, 2024
  • House DOGE hearing erupts over Democrat deeming Trump ‘grifter in chief,’ referring to ‘President Musk’

    February 26, 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

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,492)
  • Investing (1,596)
  • Stock (1,016)

Latest Posts

  • Tracking government spending, Part 2: Contractual services and supplies

    January 2, 2025
  • Ethereum goes sideways on Wednesday above $2600

    September 25, 2024
  • Stellar and Bitcoin Cash: Stellar pressures the weekly high

    August 22, 2024

Recent Posts

  • House Democrat presses DOJ on Ghislaine Maxwell prison transfer, meeting with top official

    August 13, 2025
  • Ethereum inconclusive over the weekend drops to a new low

    August 12, 2024
  • EXCLUSIVE: Bondi DOJ transfers death row inmates commuted by Biden to ‘supermax’ prison

    November 22, 2025

Editor’s Pick

  • How VP Harris is narrowing down her list of vice presidential candidates 2 weeks before DNC: report

    July 25, 2024
  • Trump looks to skip G20 summit in South Africa after viral Oval Office meeting

    July 30, 2025
  • DeSantis not keen on Musk’s new political party, has another idea for disrupting DC

    July 8, 2025
  • 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