Nearly 40% of contracts cancelled by DOGE expected to produce no savings

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Nearly 40% of contracts cancelled by DOGE expected to produce no savings - Business Standard

Quick Summary:

Nearly 40 per cent of the federal contracts that the Trump administration claims to have cancelled as part of its signature cost-cutting programme aren't expected to save the government any money, the administration's own data shows.

The Department of Government Efficiency run by Elon Musk last week published an initial list of 1,125 contracts that it terminated in recent weeks across the federal government.

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.