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Cost of DOGE cuts appear to wipe out most of agency’s reported ‘savings’

  • Elon Musk's initiative through the Department of Government Efficiency aimed to save $2 trillion but has been revised to $150 billion, raising concerns about overstated actual savings due to hidden costs.
  • Around 260,000 federal employees have left their jobs since President Trump returned to office, potentially reducing tax revenue significantly, according to Yale's Budget Lab.
  • Max Stier of the Partnership for Public Service expressed that the approaches adopted by DOGE could create new expenses and harm government productivity, ultimately costing taxpayers more.
  • Experts have pointed out that fewer IRS employees may lead to billions in lost tax revenue, complicating the notion of DOGE's savings.
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Fortune broke the news in New York, United States on Sunday, April 27, 2025.
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