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

Sabadell, Bankinter join euro stablecoin consortium taking on dollar dominance

08/05/2026

Cardano Founder Hails Midnight as NIGHT Cracks Top 10 With Over $1B Volume

08/05/2026

India’s Crypto Future Hinges on Clarity, Not Just Taxes — CoinSwitch Co-founder Speaks

08/05/2026
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

    Keep a Close Eye on Bitcoin Tomorrow: Rare Option Data Detected

    08/05/2026

    BTC prepares to close March with a net loss,

    08/05/2026

    Bitcoin falls below the “Fire Sale!” territory: What’s next?

    08/05/2026

    Bitcoin’s quantum deadline just moved up

    08/05/2026

    Ethereum Developers Share Details About the Next Major Update

    07/05/2026

    Ethereum unstaking surges 72,000% – Should ETH bulls stay cautious?

    07/05/2026

    Ethereum price prediction as whales go on a $320 million ETH buying spree

    07/05/2026

    ETH Bulls Face $2,365 Weekend Test

    07/05/2026

    Cardano Founder Hails Midnight as NIGHT Cracks Top 10 With Over $1B Volume

    08/05/2026

    The Cryptocurrency Market is Talking About These Altcoins the Most! Here’s What You Need to Know Amidst the Busy Agenda

    08/05/2026

    SHIB Holder Surge Update Shared by Shiba Inu Team: ‘Steady Growth’

    08/05/2026

    TAO hits four-month high as Bittensor halving draws more eyes now

    08/05/2026

    Reid Hoffman says NFTs may make a comeback as AI agents strain online identity

    07/05/2026

    Ethereum and Bitcoin Lead NFT Market, Known Origin #30101 Tops Weekly Sales

    05/05/2026

    The only rally during Bitcoin 2026 was Ethereum NFTs

    30/04/2026

    Are NFTs signaling a market shift? THESE indicators say yes

    28/04/2026

    Sabadell, Bankinter join euro stablecoin consortium taking on dollar dominance

    08/05/2026

    Cardano Founder Hails Midnight as NIGHT Cracks Top 10 With Over $1B Volume

    08/05/2026

    India’s Crypto Future Hinges on Clarity, Not Just Taxes — CoinSwitch Co-founder Speaks

    08/05/2026

    Aster Cuts RWA Perpetual Futures Fees With Launch of Sprint Season 1

    08/05/2026
  • Blockchain

    Coinbase’s Ethereum Layer 2, Base to Upgrade to Zero-Knowledge Proofs via SP1

    07/05/2026

    R3E Network releases NeoNexus, open-source web dashboard for Neo N3 node management

    07/05/2026

    Arkham Intel Enables Crypto Community to Track Whales with Arkham Alerts

    07/05/2026

    Block Production Halted, L1 Withdrawals Triggered

    07/05/2026

    Kresus Partners with Canton to Fast-Track Institutional Blockchain Adoption

    06/05/2026
  • DeFi

    RootData maps 30 Hyperliquid Web3 partners as it builds an on-chain liquidity OS

    07/05/2026

    Venus Protocol Unveils Venus Trade on BNB Chain

    07/05/2026

    Grayscale Announces It Has Removed One Altcoin from Its Investment Funds and Added Another

    07/05/2026

    Citrea Opens ctUSD Pre-Deposit Vault With $50M in Institutional Liquidity Backing

    07/05/2026

    B.AI Joins Emblem Vault to Transform Autonomous AI Trading

    07/05/2026
  • 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

    Sabadell, Bankinter join euro stablecoin consortium taking on dollar dominance

    08/05/2026

    Why is Intel’s INTC stock suddenly up by over 17%, and how much has Trump made from it now?

    08/05/2026

    BlackRock bets on compute as AI reshapes markets

    08/05/2026

    ‘Rich Dad, Poor Dad’ Author Kiyosaki Names Bitcoin and Ether as Lifeline in the Boomers Crisis

    08/05/2026

    Ripple CEO Says 30% of Ripple Treasury’s $13T Will Flow Onchain in Next 5 Years

    08/05/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Aster Cuts RWA Perpetual Futures Fees With Launch of Sprint Season 1

    08/05/2026

    CZ floats Binance.US revival to give U.S. users access to global crypto liquidity

    08/05/2026

    Allegedly, the U.S. Department of the Treasury Sent a Letter to Binance Regarding Iran

    08/05/2026

    Stellar expands role in crypto payments stack as Mesh selects it for settlement layer

    08/05/2026

    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

    Top 8 play-to-earn NFT games to play in May 2026

    07/05/2026

    PlayZap Games Joins REI Network to Accelerate Scalable GameFi Transformation

    05/05/2026

    UXLINK and FishWar Partner to Redefine AI-Powered Social Gaming on Sei Network

    30/04/2026

    B3.Fun Partners With Neobank Veera To Supercharge Web3 Gaming Engagement With RWA-DeFi Applications

    30/04/2026

    IREN revenue falls 22% to $145 million as bitcoin miner leans harder into AI

    08/05/2026

    ANTPOOL, Block Inc, F2Pool, Foundry, Spiderpool, MARA Foundation & DMND Join Stratum v2 Working Group

    07/05/2026

    Core Scientific sold $208 million of bitcoin in Q1 as AI pivot continues

    07/05/2026

    Hut 8 shares jump over 30% on news of $9.8 billion AI data center lease

    07/05/2026

    India’s Crypto Future Hinges on Clarity, Not Just Taxes — CoinSwitch Co-founder Speaks

    08/05/2026

    Policy Summit and other things at Consensus 2026: State of Crypto

    08/05/2026

    New Politico Poll Reveals US Voter Skepticism Over AI and Crypto Campaign Cash

    08/05/2026

    CFTC sees mixed responses to prediction market rulemaking

    08/05/2026

    Sabadell, Bankinter join euro stablecoin consortium taking on dollar dominance

    08/05/2026

    Cardano Founder Hails Midnight as NIGHT Cracks Top 10 With Over $1B Volume

    08/05/2026

    India’s Crypto Future Hinges on Clarity, Not Just Taxes — CoinSwitch Co-founder Speaks

    08/05/2026

    Aster Cuts RWA Perpetual Futures Fees With Launch of Sprint Season 1

    08/05/2026
  • 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

Sabadell, Bankinter join euro stablecoin consortium taking on dollar dominance

08/05/2026

Why is Intel’s INTC stock suddenly up by over 17%, and how much has Trump made from it now?

08/05/2026

BlackRock bets on compute as AI reshapes markets

08/05/2026

‘Rich Dad, Poor Dad’ Author Kiyosaki Names Bitcoin and Ether as Lifeline in the Boomers Crisis

08/05/2026
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

Sabadell, Bankinter join euro stablecoin consortium taking on dollar dominance

08/05/2026

Cardano Founder Hails Midnight as NIGHT Cracks Top 10 With Over $1B Volume

08/05/2026

India’s Crypto Future Hinges on Clarity, Not Just Taxes — CoinSwitch Co-founder Speaks

08/05/2026
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.