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Elon Musk's 'Chainsaw for Bureaucracy' Just Left an $11 Billion Budget Hole as Trump Rehires Staff

The shutdown leaves agencies seeking permanent staff after more than 104,000 federal jobs were posted in the first five months of this year, officials said.

Summary by IBTimes
Elon Musk's dramatic cost‑cutting experiment in Donald Trump's second term has ended with the shutdown of the Department of Government Efficiency and an $11 billion hole in the US budget.

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The Department of Governmental Efficiency (DOGE) of the administration of the President of the United States, Donald Trump, a cost reduction initiative led in the beginning by tycoon Elon Musk, officially ceased its operations on July 4, 2026.

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IBTimes broke the news in New York, United States on Sunday, July 5, 2026.
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