US: Elon Musk’s led DOGE cancels 226 wasteful contracts worth $1.03bn

1 second ago Musa Abdullahi

US billionaire, Elon Musk, who leads the Department of Government Efficiency, DOGE, has announced the termination of 226 wasteful contracts worth $1.03Billion.

DOGE disclosed this in a statement released on its X account on Saturday.

According to DOGE, among the cancelled contracts is a $5.4million IRS consulting contract for exploring emerging issues within the IRS.

The US agency noted that the cancellations have resulted in savings of $555 million for the country.

“Over the last two days, agencies terminated 226 wasteful contracts with a ceiling value of $1.03B and savings of $555M, including a $5.4M IRS consulting contract for exploring emerging issues within the IRS, and a $20k NSF management development” contract for training course materials for understanding bias to unleash potential,” DOGE stated on X.

This is coming less than two days after DOGE announced the termination of 269 wasteful contracts worth $845million in the past few days.

DOGE has been mandated by US President Trump’s administration to cut waste in United States federal agencies.

Trump recently said he is satisfied with DOGE’s work, hinting that the department may stay in the country indefinitely.