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

Investors Divided Over Who Deserves Rewards

09/05/2025

EU to Track Crypto Transfers Under New AML Rules: Eurogroup President

09/05/2025

Binance extends domination of the Web3 wallet market

09/05/2025
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

    What is a Strategic Bitcoin Reserve?

    09/05/2025

    Binance’s CZ Shares Bitcoin Golden Rule as BTC Price Surpasses $100K Again

    09/05/2025

    Bitcoin (BTC) Price Surpassed $102,000, Ethereum (ETH) Soared! Here’s the Reason for the Rise, Liquidations and Latest Situation!

    09/05/2025

    Bitcoin (BTC): $100,000 Finally Here, This XRP Level Can Send Price to $3, Massive Shiba Inu (SHIB) Bounce: Bull Run Begins?

    09/05/2025

    Ethereum stalls at $1,850 resistance zone as volume dries up

    09/05/2025

    Ethereum Accumulators Increase Holdings by 22% in Face of Bearish Trend

    09/05/2025

    ETH Traders Eye Breakout as Ethereum Awaits Pectra Upgrade

    09/05/2025

    What Is The Ethereum Pectra Upgrade? A Complete Guide

    09/05/2025

    Investors Divided Over Who Deserves Rewards

    09/05/2025

    How To Claim the $DOOD Airdrop? A Quick Guide

    09/05/2025

    98% of Tokens on Pump.Fun Have Been Rug Pulls or an Act of Fraud, New Report Says

    09/05/2025

    CZ Dissociates Self From TRUMP Meme Coin, Confirms Owning None

    09/05/2025

    Drink-to-earn? A new sparkling water comes with an NFT and points

    08/05/2025

    Cobie says UpOnly will return if someone buys this $20M NFT

    08/05/2025

    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    08/05/2025

    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

    05/05/2025

    Investors Divided Over Who Deserves Rewards

    09/05/2025

    EU to Track Crypto Transfers Under New AML Rules: Eurogroup President

    09/05/2025

    Binance extends domination of the Web3 wallet market

    09/05/2025

    Nexera and Propchain Unite to Tokenize €1.1B Real Estate Pipeline with Shariah-Compliant Products

    09/05/2025
  • Blockchain

    Nexera and Propchain Unite to Tokenize €1.1B Real Estate Pipeline with Shariah-Compliant Products

    09/05/2025

    China’s Beijing unveils 2-year DLT development action plan

    09/05/2025

    SoonChain Integrates into AGNT Hub to Elevate AI-Driven Web3 Gaming

    09/05/2025

    Gaming ecosystem Treasure Chain shuts down mainnet nearly five months after its launch

    08/05/2025

    Wrapped Bitcoin Finally Goes Native on Solana Network

    08/05/2025
  • DeFi

    Jumper Exchange Launches High-APY DeFi Vaults with Morpho Labs and SeamlessFi

    08/05/2025

    DeFi needs a (healthy) dose of paranoia about risk management

    08/05/2025

    Why One of Uniswap DAO’s Most Outspoken Members Just Walked Away in Frustration

    08/05/2025

    Swirl brings liquid staking to IOTA, boosting liquidity for its DeFi

    08/05/2025

    Lista DAO Seals Crucial Partnership with World Liberty Financial

    08/05/2025
  • Metaverse

    Bitgert Partners DigiGoal to Launch ZK-Powered Sports Metaverse

    04/05/2025

    HAPE Social Partners with Decentraland to Bring Virtual Fashion at Metaverse Fashion Week

    06/04/2025

    Napster Snapped Up for $207 Million to Build Music Metaverse

    25/03/2025

    Shiba Inu Enhances SHIB Metaverse with In-Game Fishing Economy

    13/03/2025

    The Metaverse In-game Economy with Its Latest Fishing Game

    11/03/2025
  • Regulation

    Peter Schiff Says Ending Reserve Status Is Only Way Out

    09/05/2025

    Arthur Hayes Says Bitcoin Will Hit $1M by 2028 as U.S.-China Craft Hollow Trade Deal

    09/05/2025

    White House rejects parts of Trump advisers’ sovereign wealth fund proposal

    09/05/2025

    Bolivia to Launch Digital Currency to Tackle Cross-Border Payments

    09/05/2025

    Stablecoins account for nearly 50% of South Korea’s crypto outflows in Q1, officials say

    09/05/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Binance extends domination of the Web3 wallet market

    09/05/2025

    Crypto.com joins yield-bearing settlement network Lynq as launch partner

    09/05/2025

    Crypto Airdrop Hunting Drives Binance Alpha Volume to $2.8 Billion

    09/05/2025

    How Ex-Goldman Exec Pioneered a Hybrid Exchange Post FTX Crisis

    09/05/2025

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

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Soneium partners with Square Enix’s SYMBIOGENESIS to provide cross-game NFT rewards

    08/05/2025

    Versus Joins ION and Online+ to Elevate Web3 Gaming and Social Integration

    08/05/2025

    Adidas Reveals In-Game Apparel Drop for ‘Xociety’ Shooter on Sui

    08/05/2025

    Gaming Tokens Surge as Take-Two Rallies on Viral GTA 6 Countdown Post

    08/05/2025

    MARA Reports $214M in Q1 Revenue, Grows Bitcoin Holdings to 47,531 BTC

    09/05/2025

    CleanSpark Reports $181.7M in Q2 Revenue, Stays on Course to Hit 50 EH/s Bitcoin Mining Target

    09/05/2025

    Kuwait Escalates Illegal Crypto Mining Crackdown, Questioning 116

    08/05/2025

    Bitmain Antminer L7 Profitability in 2025

    08/05/2025

    EU to Track Crypto Transfers Under New AML Rules: Eurogroup President

    09/05/2025

    Settlement Filed, but 4 Big Steps Still Stand Between XRP and Victory

    09/05/2025

    Senate Democrat Says He’s Looking Into Trump’s Crypto Businesses

    08/05/2025

    Pro-XRP Lawyer Says Ripple Lawsuit is Not ‘Over Yet’

    08/05/2025

    Investors Divided Over Who Deserves Rewards

    09/05/2025

    EU to Track Crypto Transfers Under New AML Rules: Eurogroup President

    09/05/2025

    Binance extends domination of the Web3 wallet market

    09/05/2025

    Nexera and Propchain Unite to Tokenize €1.1B Real Estate Pipeline with Shariah-Compliant Products

    09/05/2025
  • 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

Related Posts

Peter Schiff Says Ending Reserve Status Is Only Way Out

09/05/2025

Arthur Hayes Says Bitcoin Will Hit $1M by 2028 as U.S.-China Craft Hollow Trade Deal

09/05/2025

White House rejects parts of Trump advisers’ sovereign wealth fund proposal

09/05/2025

Bolivia to Launch Digital Currency to Tackle Cross-Border Payments

09/05/2025
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

Investors Divided Over Who Deserves Rewards

09/05/2025

EU to Track Crypto Transfers Under New AML Rules: Eurogroup President

09/05/2025

Binance extends domination of the Web3 wallet market

09/05/2025
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.