Musk's DOGE Cuts Estimate to $150 Billion Savings

Elon Musk's Department of Government Efficiency (DOGE) has significantly revised its projected savings, announcing an anticipated $150 billion in cuts for the fiscal year 2026, down from an earlier goal of $1 trillion. Musk attributed these savings to reductions in waste and fraud, but critics point out that the agency has faced severe budget cuts, leading to mass layoffs and the closure of various federal services. This drop in projected savings has raised concerns, as Musk admitted the agency's efforts have fallen short of expectations, with reports indicating it had achieved only a fraction of its targets. The impact of these cuts has resulted in reduced service capacity in critical areas such as Social Security, where fewer staff are available to handle increased call volumes. Despite these challenges, Musk claimed that the remaining budget cuts would ultimately enhance service quality for the public. As Musk's tenure in government nears its end, there are questions about the future of DOGE and its initiatives.