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DOGE savings estimates fall by $9 billion in 48 hours

  • The White House Department of Government Efficiency office lowered its expected savings from canceled federal contracts by about $9.3 billion in two days, connecting the decline to Elon Musk's team.
  • DOGE's claimed savings dropped from $16.5 billion to $7.2 billion, with most reported savings attributed to canceled contracts.
  • DOGE stated the savings estimates are calculated conservatively without credit for recovered funds, as explained by a White House official.
  • While fraud is a concern for the federal government, no evidence of fraud was shown by DOGE or Donald Trump.
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CPA Practice Advisor broke the news in on Thursday, February 20, 2025.
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