• Economy
  • Investing
  • Editor’s Pick
  • Stock
Evil Shark Trades
Economy

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

by April 28, 2025
by April 28, 2025

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
0 comment
0
FacebookTwitterPinterestEmail

previous post
Times Square billboard pops up rallying around ‘historic’ Trump accomplishment during first 100 days
next post
On air, ’60 Minutes’ reporter says ‘none of us is happy’ about changes that led top producer to quit

You may also like

Pope, State Department condemn latest massacre of Christians...

Dems vow to fight ‘tooth and nail’ as...

Trump’s achievements embolden him to be even more...

Republicans scrap deal in ‘big, beautiful bill’ to...

Trump warns of ‘whopping 68% tax increase’ if...

Trump signs order lifting sanctions on Syria

Trump’s ‘big, beautiful bill’ hits another snag in...

‘Antisemitic’ British band banned from US after viral...

White House says Mamdani would ‘crush’ New York...

Trump to sign order lifting sanctions on Syria

Enter Your Information Below To Receive Free Trading Ideas, 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!

    Recent Posts

    • Pope, State Department condemn latest massacre of Christians by Islamist militants in Nigeria
    • Dems vow to fight ‘tooth and nail’ as Supreme Court takes up campaign finance case
    • Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems
    • Trump’s achievements embolden him to be even more aggressive
    • Republicans scrap deal in ‘big, beautiful bill’ to lower restrictions on states’ AI regulations

    Categories

    • Economy (6,500)
    • Editor's Pick (3,862)
    • Investing (2,826)
    • Stock (1,358)
    Email Whitelisting About Us Terms & Conditions Privacy Policy Contact Us

    Disclaimer: Evilsharktrades.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 © 2024 EvilSharkTrades.com


    Back To Top
    Evil Shark Trades
    • Economy
    • Investing
    • Editor’s Pick
    • Stock