Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Bitcoin in ‘Stress Phase,’ But ‘Real Opportunity’ Starts Afterwards: Can Price Hit $100,000?

11/05/2026

Despite Warsh Replacing Powell at the Fed, Traders See No Rate Cut Coming in June

11/05/2026

Binance Coin (BNB) Dethrones XRP to Become 4th Most Valuable Cryptocurrency

11/05/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bitcoin in ‘Stress Phase,’ But ‘Real Opportunity’ Starts Afterwards: Can Price Hit $100,000?

    11/05/2026

    ‘Rich Dad Poor Dad’ Author Reveals Big ‘Investor Secret’ About Bitcoin in 2026

    11/05/2026

    Top Analyst Warns of 33% Correction Risk Before Bitcoin Finds Bottoming Structure

    11/05/2026

    Elon Musk Posts Bitcoin Anime Girl, BTC Price Remains in Green

    11/05/2026

    Ethereum Price On Verge Of Breakout, Can Bulls Seize Control?

    10/05/2026

    Ethereum holds steady above $2,300 despite lingering retail distribution

    10/05/2026

    Who Is Behind This $100M Ethereum Move And Why Now?

    10/05/2026

    Massive Holding Signal Sparks Market Interest

    10/05/2026

    Binance Coin (BNB) Dethrones XRP to Become 4th Most Valuable Cryptocurrency

    11/05/2026

    Numerous Economic Developments and Altcoin Events in the New Week! Here’s the List, Day by Day, Hour by Hour!

    11/05/2026

    These Must Be Watched in Altcoins in the New Week

    11/05/2026

    Chainlink Expands Reach With 26 Integrations Across Major Chains and Services

    11/05/2026

    BAYC, Cryptopunks, and MAYC Floor Prices Climb as Blue-Chip NFT Demand Returns

    11/05/2026

    $X@AI BRC-20 NFTs and Courtyard Outshine Among Weekly Top 10 NFT Performers by Sales Volume

    11/05/2026

    Bored Ape NFTs are finally making a comeback as crypto traders rediscover their appetite for risk

    10/05/2026

    NFT Ltd. Sets 1-for-80 Reverse Split as May 18 Trading Shift Nears

    09/05/2026

    Bitcoin in ‘Stress Phase,’ But ‘Real Opportunity’ Starts Afterwards: Can Price Hit $100,000?

    11/05/2026

    Despite Warsh Replacing Powell at the Fed, Traders See No Rate Cut Coming in June

    11/05/2026

    Binance Coin (BNB) Dethrones XRP to Become 4th Most Valuable Cryptocurrency

    11/05/2026

    Judge clears path for Aave to move $71 million in ETH linked to North Korea hack

    11/05/2026
  • Blockchain

    RAX Finance Joins Forces with ChainAware.ai to Build RWA-Powered AI Economy

    10/05/2026

    Lily Liu says Solana is building the payment rails for the ‘AI machine economy’

    10/05/2026

    Prediction Markets Depend on Oracle Integrity

    10/05/2026

    Anchorage, Google Cloud launch agentic banking

    10/05/2026

    Kelp DAO migrates to Chainlink CCIP after accusing LayerZero of security failure

    10/05/2026
  • DeFi

    XBIT Partners Niza Unite to Elevate On-Chain Trading and DeFi

    11/05/2026

    Three young DeFi apps return $100M in revenue to token holders in 30 days

    11/05/2026

    In the Wake of Recent Events, Billions of Dollars Are Flowing Out of an Altcoin Network

    11/05/2026

    Top DeFi platforms distribute $96M as market shifts toward real earnings

    11/05/2026

    DeepBook suffers $239.7K bad debt – What it means for leveraged DeFi

    11/05/2026
  • Metaverse

    Why Animoca’s Yat Siu says the future is 100 billion AI agents

    07/05/2026

    ‘8,000 Jobs’—Polymarket Sees Tech Layoff Surge As Meta AI Push Bites

    18/04/2026

    Planet Hares Partners With Magne.AI To Bridge Web3 Metaverse With Smartphone Mobile-Ready Applications For Mass Adoption

    08/04/2026

    Mark Zuckerberg’s Meta launches new AI initiative after metaverse retreat

    25/03/2026

    Meta partners with Arm to develop new CPUs for AI deployments

    24/03/2026
  • Regulation

    Despite Warsh Replacing Powell at the Fed, Traders See No Rate Cut Coming in June

    11/05/2026

    Two KRWQ stablecoins are pulling Korea’s digital won race in different directions

    11/05/2026

    Billionaire Investor Cathie Wood Explains Why She’s Still Bullish on Bitcoin – “$1.5 Million Price Target”

    11/05/2026

    Treasury Secretary Scott Bessent Says the US Is Targeting Iran’s Access to Crypto

    11/05/2026

    Barclays Analysts Update FED Interest Rate Forecast and Announce Expectations for 2026!

    11/05/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Shopify and National Bank of Canada are among backers of a new digital currency built to settle trades 24/7

    11/05/2026

    Binance and Upbit users offload more XRP

    11/05/2026

    Kalshi has implemented new techniques to keep minors off its website

    10/05/2026

    Moscow Exchange to add indices for another four cryptocurrencies

    10/05/2026

    ICO market slows sharply with only six completions in 2026

    30/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    GMatrixs And MiniverseCore Join Forces To Unlock Web3 Gaming Experience With Cross-Chain DApp, DeFi Applications

    11/05/2026

    MetaOne Joins MetYa to Boost SocialFi Gaming with Exclusive Rewards

    10/05/2026

    Quantra and FishWar Unite to Advance AI-Powered Web3 Gaming on Sei

    10/05/2026

    Miniverse Partners with UNIPLAY to Expand CoFi Across DeFi and GameFi

    09/05/2026

    South Korea confirms external strikes caused fire on HMM Namu, sending ripples through crypto mining economics

    11/05/2026

    Venezuela’s Crypto Mining Ban, Tether’s $300M Lawsuit

    11/05/2026

    Bitcoin mining pools with 75% of BTC hashrate join open standard for block construction

    11/05/2026

    China’s factory inflation reaches 45-month high amid energy price shock

    11/05/2026

    Judge clears path for Aave to move $71 million in ETH linked to North Korea hack

    11/05/2026

    Cryptocurrency Sector and Banks Reportedly Reached an Agreement, but There Are Still Obstacles to the Clarity Act

    11/05/2026

    Banking trade groups criticize Clarity Act for stablecoin loopholes

    11/05/2026

    Trump Family’s WLFI Token Appears to Be an Unregistered Security

    11/05/2026

    Bitcoin in ‘Stress Phase,’ But ‘Real Opportunity’ Starts Afterwards: Can Price Hit $100,000?

    11/05/2026

    Despite Warsh Replacing Powell at the Fed, Traders See No Rate Cut Coming in June

    11/05/2026

    Binance Coin (BNB) Dethrones XRP to Become 4th Most Valuable Cryptocurrency

    11/05/2026

    Judge clears path for Aave to move $71 million in ETH linked to North Korea hack

    11/05/2026
  • MarketCap
NBTC News
Home»Regulation»D.O.G.E. Saves U.S. Taxpayers $84B in First Weeks of Trump’s Presidency, But Critics Slam Cost-Cutting Moves
Regulation

D.O.G.E. Saves U.S. Taxpayers $84B in First Weeks of Trump’s Presidency, But Critics Slam Cost-Cutting Moves

NBTCBy NBTC15/02/2025No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


In the first few weeks of President Donald Trump’s administration, the new Department of Government Efficiency (D.O.G.E.) has reportedly saved U.S. taxpayers an estimated $84 billion. That breaks down to about $4 billion each day, a number some media outlets have minimized. Yet, D.O.G.E. has drawn scrutiny over its spending practices and internal operations.

.@DOGE has saved U.S. taxpayers $84 BILLION and counting in just the first few weeks of Trump’s Presidency

That’s $4 BILLION per day, yet the media will tell you it’s insignificant pic.twitter.com/8DsnqE0p9t

— Chief Nerd (@TheChiefNerd) February 12, 2025

Elon Musk’s task force aimed at cutting federal spending has seen its budget grow since its inception. Financial filings reveal that the department’s allocation jumped from $6.75 million on January 30 to $14.4 million by February 8, indicating a boost in operational funding.

Related: FEMA Misused $59 Million—Elon Musk’s D.O.G.E. Demands Clawback

Although the aggressive cost-cutting measures aimed at reducing waste, D.O.G.E. has attracted criticism for its approach. Task force statements claim the savings resulted from halting unnecessary hiring, scaling back diversity, equity, and inclusion (DEI) programs, and ending improper payments to foreign organizations.

Critics Demand Spending Transparency

While D.O.G.E. has outlined several successful initiatives, it has also faced pushback from individuals such as entrepreneur Mark Cuban. Cuban first lauded the efforts, claiming that the task force exposed wasteful government spending.

However, his opinion shifted when reports surfaced that D.O.G.E. had spent nearly $7 million in taxpayer funds in one week. Cuban went public, urging the task force to “hide nothing” if its actions were proper.

Additionally, reports indicate that some of Musk’s team members, including unpaid engineers, collaborate with Trump allies within the task force. This mix of political ties raises further questions about the task force’s neutrality and effectiveness.

Claims of Misuse and Inefficiency

Musk has often lashed out at federal agencies for inefficiency, arguing that talented employees face obstacles from administrative management. He noted that many workers in agencies such as the Treasury Department find themselves blocked from implementing cost-saving reforms by bureaucratic resistance.

Related: Trump’s D.O.G.E. Initiative Cuts DEI Spending, Saves Over $1 Billion

In addition, D.O.G.E. has questioned the use of taxpayer funds in certain cases, including a report that FEMA allocated $59 million to luxury hotels in New York City to house migrants. Musk denounced this expense as “gross insubordination,” although FEMA has not responded.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Related Posts

Despite Warsh Replacing Powell at the Fed, Traders See No Rate Cut Coming in June

11/05/2026

Two KRWQ stablecoins are pulling Korea’s digital won race in different directions

11/05/2026

Billionaire Investor Cathie Wood Explains Why She’s Still Bullish on Bitcoin – “$1.5 Million Price Target”

11/05/2026

Treasury Secretary Scott Bessent Says the US Is Targeting Iran’s Access to Crypto

11/05/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Bitcoin in ‘Stress Phase,’ But ‘Real Opportunity’ Starts Afterwards: Can Price Hit $100,000?

11/05/2026

Despite Warsh Replacing Powell at the Fed, Traders See No Rate Cut Coming in June

11/05/2026

Binance Coin (BNB) Dethrones XRP to Become 4th Most Valuable Cryptocurrency

11/05/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.