DOGE’s mass federal workforce cuts may cost taxpayers $135 billion this fiscal year alone

Quick Summary:

Elon Musk’s efforts to slash federal spending are costing the government in lost productivity and tax revenue, workforce and policy experts claim.

DOGE initially promised to identify and eliminate $2 trillion in the first months of President Donald Trump’s second term, though Musk drastically cut that figure down to $150 billion—just 7.5% of his original estimated savings.

Harry Kraemer, an executive partner with Madison Dearborn Partners and a clinical professor of Leadership at Northwestern University’s Kellogg School of Management, told Fortune last month DOGE-related savings could be overstated by up to 80%.

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Article Details

Author / Journalist: Sasha Rogelberg

Category: EconomyBusiness

Markets: United States

Topics: Donald Trump DOGE IRS Elon Musk

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-27 @ 11:02:00 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 808 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 202 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28227006

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 19 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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Publisher ID: #95

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