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

AGI Open Network Taps AICEAN to Advance AI-Powered Blockchain Content Creation

18/09/2025

Aave CEO Breaks Silence on Game-changing Upgrade in Q4: Details

18/09/2025

Ethereum OG Wallet Moves 2,200 ETH to Bybit

18/09/2025
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

    Ethereum OG Wallet Moves 2,200 ETH to Bybit

    18/09/2025

    BlackRock’s ETH ETF sees $363M inflow in biggest day of gains this month

    18/09/2025

    ETH Going to $5,500 by Mid-October, Says Fundstrat’s Global Head of Technical Strategy

    18/09/2025

    Ethereum Foundation unveils $2M challenge to secure Fusaka upgrade

    18/09/2025

    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

    200+ Digital Artists Redefine Blockchain Creativity

    18/09/2025

    LimeWire Acquires Fyre Festival, Plans Fresh Start With a Crypto Spin

    16/09/2025

    American Express Introduces Blockchain-Based ‘Travel Stamps’

    15/09/2025

    NFT sales show modest recovery, Pudgy Penguins jump 110%

    14/09/2025

    AGI Open Network Taps AICEAN to Advance AI-Powered Blockchain Content Creation

    18/09/2025

    Aave CEO Breaks Silence on Game-changing Upgrade in Q4: Details

    18/09/2025

    Ethereum OG Wallet Moves 2,200 ETH to Bybit

    18/09/2025

    Hyperliquid tops Nasdaq’s 2024 net income, beats Robinhood’s trading volume 4 months in a row

    18/09/2025
  • Blockchain

    AGI Open Network Taps AICEAN to Advance AI-Powered Blockchain Content Creation

    18/09/2025

    Bitkub Exchange Joins Sui Network to Drive Blockchain Adoption and Education

    18/09/2025

    Filecoin & Akave Cloud Launch S3-Compatible

    18/09/2025

    AxLabs launches new X Broadcast series “Talk is Cheap”

    18/09/2025

    Google Reveals AI Agent Payments Protocol Backed by Coinbase, Ethereum Foundation

    18/09/2025
  • DeFi

    Aave CEO Breaks Silence on Game-changing Upgrade in Q4: Details

    18/09/2025

    Tokenized Assets Shift From Wrappers to Building Blocks in DeFi

    18/09/2025

    Welf Finance Taps Orochi Network For Secure and Decentralized Web3 Finance

    17/09/2025

    The real divide in finance isn’t TradFi vs DeFi, it’s control vs coordination

    17/09/2025

    Aave gears up for Aave V4 launch, bringing unified cross-chain liquidity to DeFi

    17/09/2025
  • Metaverse

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

    17/09/2025

    KaratDAO and SecondLive Partners to Reshape Web3 Identity and Immersive Digital Worlds

    16/09/2025

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025

    CreataChain Joins LightCycle to Advance Fashion, Interoperability, and AI in Metaverse

    05/09/2025

    new institutional ‘trust’ layer to boost tokenized ESG investment

    04/09/2025
  • Regulation

    Trump Media Tests ‘Truth Search’ Using Perplexity AI

    17/09/2025

    CZ says stablecoins have defeated CBDCs globally, how come?

    16/09/2025

    Stablecoin Usage Ramps up in Venezuela Amid Rampant Devaluation

    16/09/2025

    South Korean Tech Giant Unveils Bold Crypto

    16/09/2025

    New ETF Filings Hint at Broader Crypto Product Boom Ahead

    16/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Hyperliquid tops Nasdaq’s 2024 net income, beats Robinhood’s trading volume 4 months in a row

    18/09/2025

    Gemini Crypto Exchange IPO Pops 14% as Winklevoss Twins Predict $1M Bitcoin

    18/09/2025

    Futu Securities Brings Solana Retail Trading to Hong Kong

    18/09/2025

    World’s Largest Crypto Exchange by Trading Volume Launches Airdrop for New Universal ZK Rollup Protocol

    18/09/2025

    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

    Blockchain Games Break Into the Mainstream

    17/09/2025

    DeBox Partners with Mythoria to Merge AI-Led GameFi and Web3 Social Ecosystem

    16/09/2025

    Crypto Games Keep Shutting Down. This $500K Fund Aims to Help Players Recover

    14/09/2025

    Conflux Network and Salvo Alliance Targets Scalable Web3 Gaming Adoption

    13/09/2025

    Here’s why Bitcon mining stocks Bitfarms and IREN are surging

    18/09/2025

    Bitcoin mining stocks outperform BTC as investors bet on AI pivots

    16/09/2025

    DL Holdings to Enter Bitcoin Mining Through Convertible-Bond Deal

    16/09/2025

    Why Bitcoin Miners Are Powering AI’s Expansion

    14/09/2025

    Pakistan invites global crypto firms to apply for operating licenses: Report

    18/09/2025

    Bank of England’s Proposed Stablecoin Ownership Limits are Unworkable, Says Crypto Group

    18/09/2025

    “It Would Shoot First and Ask Questions Later”

    18/09/2025

    Italian, French, and Austrian Regulators Propose MiCA Changes to EU Crypto Oversight

    18/09/2025

    AGI Open Network Taps AICEAN to Advance AI-Powered Blockchain Content Creation

    18/09/2025

    Aave CEO Breaks Silence on Game-changing Upgrade in Q4: Details

    18/09/2025

    Ethereum OG Wallet Moves 2,200 ETH to Bybit

    18/09/2025

    Hyperliquid tops Nasdaq’s 2024 net income, beats Robinhood’s trading volume 4 months in a row

    18/09/2025
  • MarketCap
NBTC News
Home»Legal»DOGE caught in a controversy, $38.4B of its saved money is missing
Legal

DOGE caught in a controversy, $38.4B of its saved money is missing

NBTCBy NBTC20/02/2025No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


The Department of Government Efficiency (DOGE), a federal cost-cutting effort backed by President Donald Trump and founded by billionaire Elon Musk, reportedly has some discrepancies in its reported savings.

According to its website, DOGE claims to have saved $55 billion in federal spending, but only $16.6 billion of that amount is accounted for, leaving $38.4 billion in question.

Further complicating the matter is an error in the data DOGE published, which misrepresented an $8 million contract as $8 billion. The correction reduces the initiative’s detailed savings to just $8.6 billion, far from the reported total.

Musk promised Americans that the initiative would maintain “maximum transparency” and ensure “all actions are fully public.” However, DOGE’s inconsistent accounting is giving liberals grounds to query the reliability of its financial reporting.

Controversy over misreported contract savings

After weeks of protests from Democrats, federal unions, and transparency advocates, DOGE has begun providing more details on its website, including a list of about 700 canceled contracts. As of February 18, the site also listed nearly $145 million in real estate-related savings.

The most expensive contract it claims to have canceled was an $8 billion agreement with D&G Support Services, LLC, a firm that was set to provide services for the Office of Diversity and Civil Rights within US Immigration and Customs Enforcement (ICE).

D&G Support Services, headquartered in a Washington, D.C. suburb, describes itself as a “people-focused” organization with fewer than 200 employees. Its largest government contracts include $16 million from the Air Force for staffing support and approximately $11 million from the US Coast Guard. Since 2017, its average contract value has been around $1 million.

Looking at the latest financial records, ICE’s entire annual budget in the last decade has been around $9 billion, making the $8 billion contract cancellation highly improbable. The agency’s largest recent contracts, according to usaspending.gov, were $800 million for charter flight services and $787 million for transporting unaccompanied children and families.

Per Bloomberg, a search of the Federal Procurement Data System for the contract ID listed on DOGE’s website, 70CMSD22A00000008, shows the original contract filing from September 2022 mentions a total contract of $8 billion.

An update on January 28 revised that figure to $8 million, the same day the department listed the contract as an $8 billion saving. Moreover, two additional filings on January 29 and January 30 confirmed the contract’s partial and then full termination, both reflecting the corrected $8 million value.

A small pattern of errors ignites calls for ‘clarity’

Elon Musk’s advisory role in the US government has put him in the midst of controversial takes and a mountain of lawsuits. His company, SpaceX, has received billions of dollars in government contracts, which democrats believe is illegal as it presents a “conflict-of-interest issues.”

President Trump said that Musk will “police himself” regarding any conflicts related to the six companies he operates. Much to the dismay of left-wing aligned policymakers, even though Musk is required to file a federal financial disclosure, the document will not be made public.

DOGE’s website states that it is working to present its data “in a digestible and fully transparent manner with clear assumptions, consistent with applicable rules and regulations.” It also explains that final contract termination notices may take up to a month to appear publicly.

Speaking to reporters in the Oval Office last week, Musk acknowledged that some information he shares “will be incorrect and should be corrected,” adding that DOGE would act swiftly to address such errors.

The cost-cutting initiative has moved across several federal government offices, including the Treasury and Internal Revenue Service, canceling improper contractual government payments.

On Tuesday, through an X post, House Majority Leader Steve Scalise stated that he wants Congress’ budget resolution to include “passing into law DOGE’s identified waste in government.”

Senate Majority Leader John Thune also supported the department’s efforts during a Fox News interview last week, calling DOGE’s work “long overdue.”

It’s time to act on ALL of the powerful mandates the American people gave to @realDonaldTrump in November:

Securing the border, opening up American energy to lower costs, keeping tax rates low (including no tax on tips), strengthening our national defense, a two-year extension…

— Steve Scalise (@SteveScalise) February 18, 2025

“Obviously, they’re going to identify some things that perhaps can’t be changed or fixed, but there’s a ton of stuff out there that I think can be done better,” Thune reckoned.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Pakistan invites global crypto firms to apply for operating licenses: Report

18/09/2025

Bank of England’s Proposed Stablecoin Ownership Limits are Unworkable, Says Crypto Group

18/09/2025

“It Would Shoot First and Ask Questions Later”

18/09/2025

Italian, French, and Austrian Regulators Propose MiCA Changes to EU Crypto Oversight

18/09/2025
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

AGI Open Network Taps AICEAN to Advance AI-Powered Blockchain Content Creation

18/09/2025

Aave CEO Breaks Silence on Game-changing Upgrade in Q4: Details

18/09/2025

Ethereum OG Wallet Moves 2,200 ETH to Bybit

18/09/2025
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.