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

Critical Ethereum Investors Begin Selling As Price Struggles Under $4,000

06/11/2025

Solana event shortened amid crypto crackdown in China: Report

06/11/2025

Florida Crypto Confab Unshaken by Bitcoin Volatility

06/11/2025
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

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Critical Ethereum Investors Begin Selling As Price Struggles Under $4,000

    06/11/2025

    Fusaka upgrade on track as devs eye December mainnet fork

    06/11/2025

    Which Hits $5K First? Here’s What the Charts Say

    05/11/2025

    Ether Investors Should Closely Monitor ’Institutional Integration,’ Says Analyst

    05/11/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Market cap tanks 46% in just 30 days

    05/11/2025

    Mint, Snoop Dogg and BAYC Launch First Animated Avatars on Telegram

    02/11/2025

    NFT sales drop 28% to $98m, Bored Ape Yacht Club sales surge 100%

    01/11/2025

    Genesis #998 Sells for $8M as Courtyard Dominates 24H Trades

    01/11/2025

    Critical Ethereum Investors Begin Selling As Price Struggles Under $4,000

    06/11/2025

    Solana event shortened amid crypto crackdown in China: Report

    06/11/2025

    Florida Crypto Confab Unshaken by Bitcoin Volatility

    06/11/2025

    Market Maker’s Post Accusing Binance of Trading Malfunctions Deleted After Stirring Controversy

    06/11/2025
  • Blockchain

    Avalanche’s Growing Influence in South Korea

    05/11/2025

    BlackRock, Securitize Reduce BUIDL’s Market Cap on Ethereum by 60%

    05/11/2025

    ONTO Integrates X Layer Chain to Enable Seamless Access to dApps and DeFi

    05/11/2025

    Digika.ai and CDARI Collaborates to Develop AI Freelancing and Web3 Commerce

    05/11/2025

    Buenos Aires Becomes Web3 Epicenter with Vitalik, AFA Tokenization and New Corporate BTC Treasury Movement

    05/11/2025
  • DeFi

    DeFi sleuths trace $284M in loans and stablecoin risk linked to Stream Finance

    05/11/2025

    Orderly Network initiates $ORDER buyback program

    05/11/2025

    Ethereum vs. Solana DeFi — The Hidden Winner That Could Explode Next

    05/11/2025

    Suilend pauses deposits and withdrawals specifically in its Elixir Isolated Market in response to a major loss reported by Stream Finance

    05/11/2025

    Venus Protocol TVL Climbs 24% in Q3 to Reach $2.8 Billion

    04/11/2025
  • Metaverse

    Hollywood.com Reveals Crypto-Powered Prediction Market for Movies, TV and More

    04/11/2025

    Bored Ape creator revives brand with Otherside metaverse debut

    31/10/2025

    Metaverse will revolutionize learning in the same way as Sesame Street

    10/10/2025

    Dogelon Mars Recent Metaverse Updates

    26/09/2025

    ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse

    17/09/2025
  • Regulation

    Vivek Ramaswamy’s Strive stock pumps 49% after Mike Alfred confirms 1 million share stake

    05/11/2025

    Every Wall Street Institution Will Be in Crypto Within 12 Months, Bitwise CEO Predicts

    05/11/2025

    HKMA completes e-HKD pilot phase 2, plans rollout

    05/11/2025

    Bank of Korea Mulls Gold Purchases After 12-Year Pause

    05/11/2025

    DAT Buying Remains Frozen Post-Crash, Says Coinbase

    05/11/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Market Maker’s Post Accusing Binance of Trading Malfunctions Deleted After Stirring Controversy

    06/11/2025

    Crypto Exchanges Begin Delisting Kadena After 65% Price Plunge on Shutdown Plans

    05/11/2025

    Coinbase Opens Amex Card With up to 4% Back in BTC for U.S. Coinbase One Members

    05/11/2025

    Crypto.com launches Cash Earn, offering up to 5% APY for U.S. users

    05/11/2025

    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

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Florida Crypto Confab Unshaken by Bitcoin Volatility

    06/11/2025

    YouTube Says New Policy Doesn’t Ban All Crypto Content, Despite Uproar From Creators

    05/11/2025

    YouTube launches what some consider a direct attack on blockchain gaming videos

    04/11/2025

    BNB Chain’s New $100M GameFi Project: What Is MoonClash

    03/11/2025

    Bitcoin’s $7K Drop Sends Miner Revenues to April Lows

    05/11/2025

    Bitcoin Mining Profitability Slumps as Hashprice Falls to Multi-Month Low

    05/11/2025

    Microsoft signs $9.7B deal with BTC miner IREN

    05/11/2025

    CleanSpark allocates Bitcoin profits toward AI foray

    05/11/2025

    Solana event shortened amid crypto crackdown in China: Report

    06/11/2025

    SBF’s Family Releases 64-Page ‘Liquidity Crisis’ Narrative Ahead of Nov 4 Appeal

    05/11/2025

    Pro-crypto org backs Andrew Cuomo for NYC mayor as election approaches

    05/11/2025

    US prosecutors object to crypto policy arguments amid MEV bot trial

    05/11/2025

    Critical Ethereum Investors Begin Selling As Price Struggles Under $4,000

    06/11/2025

    Solana event shortened amid crypto crackdown in China: Report

    06/11/2025

    Florida Crypto Confab Unshaken by Bitcoin Volatility

    06/11/2025

    Market Maker’s Post Accusing Binance of Trading Malfunctions Deleted After Stirring Controversy

    06/11/2025
  • 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

Vivek Ramaswamy’s Strive stock pumps 49% after Mike Alfred confirms 1 million share stake

05/11/2025

Every Wall Street Institution Will Be in Crypto Within 12 Months, Bitwise CEO Predicts

05/11/2025

HKMA completes e-HKD pilot phase 2, plans rollout

05/11/2025

Bank of Korea Mulls Gold Purchases After 12-Year Pause

05/11/2025
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

Critical Ethereum Investors Begin Selling As Price Struggles Under $4,000

06/11/2025

Solana event shortened amid crypto crackdown in China: Report

06/11/2025

Florida Crypto Confab Unshaken by Bitcoin Volatility

06/11/2025
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.