Connect with us

Hi, what are you looking for?

Smart Success StrategySmart Success Strategy

Investing

SCOOP: Dept of Energy says it saved $700M in Trump’s first 100 days by cutting ‘wasteful’ programs

In President Donald Trump’s first 100 days, the Department of Energy says it has saved taxpayers more than $700 million by cutting programs the administration labeled as ‘wasteful.’

The immediate savings are resulting from the cancellation of ongoing contracts at the DOE relating to topics such as diversity equity and inclusion (DEI) and progressive climate change goals linked to the Democrats’ Green New Deal proposals. They are part of a broader $3 billion in savings that the Trump administration has projected will occur as a result of the cancellation of additional contracts that were not yet finalized. 

‘In the first 100 days of the Trump Administration, the Department of Energy has saved the American taxpayer more than $3 billion in projected savings – and this is just the beginning,’ DOE spokesperson Ben Dietderich told Fox News Digital in a statement. 

Dietderich said to date, the DOE has suspended contracts supporting DEI initiatives and Green New Deal priorities, as well as other ‘wasteful’ programs, ‘generating more than $700 million in immediate savings for the American taxpayers.’ 

‘President Trump and Secretary Wright are fully committed to making government more accountable, efficient, and effective stewards of the American taxpayers’ dollars,’ he said.

During Trump’s first 100 days in office, according to Elon Musk’s Department of Government Efficiency (DOGE), the administration’s efforts have saved the government at least $160 billion. That amounts to $993.79 per taxpayer, according to DOGE. 

An ‘Agency Efficiency Leaderboard,’ tracking which departments have received the most savings, shows the Department of Health and Human Services ranked number one. 

HHS is followed by the General Services Administration at number two, the Department of Education at number three, the Labor Department at number four, and the Office of Personnel Management rounds out the top five.

The Department of Justice is ranked last, just before the Department of Veterans Affairs. The DOE, according to DOGE, is ranked as the agency with the third least savings.

The savings reportedly stemmed from a combination of asset sales, contract and lease cancellations or re-negotiations, fraud and improper payment deletion, grant cancellations, interest savings, programmatic changes, regulatory savings and workforce reductions.  

This post appeared first on FOX NEWS
Enter Your Information Below To Receive Latest News, And Articles.



    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative. Despite geopolitical tensions and uncertainty, the...

    Editor's Pick

    Overview Mexico’s Sinaloa state hosts a number of prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s...

    Editor's Pick

    Uranium is an important energy sector commodity, and its rising value has attracted investor interest. 2023 has seen uranium prices solidly above the important...

    Investing

    A new survey shows that the presidential race between former President Donald Trump and President Biden is thin, but Biden faces a deficit in...

    Disclaimer: smartsuccessstrategy.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 smartsuccessstrategy.com