×
×
homepage logo
LOGIN
SUBSCRIBE

Greater Nashua

Nearly 40% of contracts canceled by Musk's DOGE are expected to produce no savings

Nearly 40% of the federal contracts that President Donald Trump's administration claims to have canceled as part of its signature cost-cutting program aren't expected to save the government any money, the administration's own data shows. The Department of Government Efficiency, run by Trump adviser Elon Musk, last week published an initial list of 1,125 contracts that it terminated in recent weeks across the federal government. Data published on DOGE's "Wall of Receipts" shows that more than one-third of the contract cancellations, 417 in all, are expected to yield no savings. That's usually because the total value of the contracts has already been fully obligated, which means the government has a legal requirement to spend the funds for the goods or services it purchased and in many cases has already done so. "It's like confiscating used ammunition after it's been shot when ...

New England

more New England

International

more International

Business & Tech

more Business & Tech

Local Sports

more Local Sports

Obituaries

more Obituaries

Community News

more Community News

Arts and Entertainment

more Arts and Entertainment

National

more National

National Sports

more National Sports

more