DOGE claims $55B in savings, but its records show only $8.5B cut

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Thu, Feb 20, 2025, 9:34 AM

The Department of Government Efficiency (DOGE), led by Tesla (TSLA) CEO and US President Donald Trump's right-hand man Elon Musk, says it has cut $55 billion in government spending.

Yahoo Finance Senior Columnist Rick Newman joins Catalysts with Seana Smith and Madison Mills to examine DOGE's claimed savings and how the agency may have arrived at the $55 billion number.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Naomi Buchanan.