US EditionFrom meme to movement: Is DOGE saving money?
- The Department of Government Efficiency began operations in early 2025 aiming to reduce federal spending through workforce cuts and budget reforms.
- DOGE's cost-saving claims followed initial projections shrinking from $2 trillion to $500 billion, with some credit for savings disputed due to misleading budget data.
- Recent analyses warn that DOGE's cuts, including 22,000 IRS layoffs, could cost over $135 billion this fiscal year due to lost productivity and reduced revenues.
- Musk, a special government employee limited to 130 days annually, plans to reduce his DOGE role amid over 20 lawsuits challenging mass firings and transparency, with public approval dipping below 50%.
- While critics note DOGE's savings are small compared to losses from tax evasion, some experts see potential long-term savings by shifting focus to modernizing federal data systems to reduce waste and fraud.
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Dogecoin Whales Accumulate Over 100 Million DOGE as Bulls Target $0.3 Price
Dogecoin holders are ramping up more DOGE following multiple bulls raising short-term targets. Meme coins soared alongside Bitcoin (BTC) and altcoins last month, recovering from a stretched downtrend. Recent accumulations have heightened sentiments in these highly volatile assets ahead of upcoming U.S. macro events. Dogecoin Bulls Lock In Target Crypto whales have purchased 100 million DOGE tokens in the last seven days. This buying pressure com…
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