DOGE Has Saved About $50 Billion So Far, Says Treasury Secretary Bessent

‘That’s a very good start,’ the Treasury secretary said.

Then-Treasury Sectretary nominee Scott Bessent testifies before the Senate Committee on Finance at the U.S. Capitol on Jan. 16, 2025. Madalina Vasiliu/The Epoch Times

The Elon Musk-led Department of Government Efficiency (DOGE) created under the Trump administration has saved about $50 billion so far, U.S. Treasury Secretary Scott Bessent said in a new interview.

“So that’s a very good start,” Bessent told Fox News of the cuts in federal spending, adding that DOGE’s efforts could ultimately lead to “several percent” of the U.S. gross domestic product in savings.