Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by <a href="https://www.factset.com/">Factset</a>. Powered and implemented by <a href="https://www.factset.com/solutions/business-needs/digital-solutions">FactSet Digital Solutions</a>. <a href="https://www.factset.com/privacy">Legal Statement</a>. <br>This material may not be published, broadcast, rewritten, or redistributed. ©2025 FOX News Network, LLC. All rights reserved. <a href="https://help.foxbusiness.com/hc/en-us/sections/4405278462107-FAQ">FAQ</a> - <a href="/privacy-policy">New Privacy Policy</a><br>Rep. Aaron Bean, R-Fla., discusses whether Elon Musk plans to give Congress a full report on the waste and fraud DOGE discovered on ‘Varney & Co.’<br>The Department of Government Efficiency (DOGE) now claims its waste-shredding measures have netted a staggering $115 billion in savings.<br>The agency, which has been tasked with cutting waste, fraud, abuse <a href="https://www.foxbusiness.com/category/fox-news-corruption" target="_blank" rel="noopener">and corruption</a> in the federal government, has updated its figures to reveal the huge sum which comes from a combination of canceling contract leases, stopping fraudulent or improper payment and canceling grants. <br>The <a href="https://www.foxbusiness.com/category/elon-musk" target="_blank" rel="noopener">Elon Musk</a>-led agency has also been cutting workforce numbers and changing various programs. <br>DOGE said that the estimated $115 billion in savings will save an average of $714.29 per taxpayer. The website bases the average saved per taxpayer off the 2022 figures of 161 million individual income taxpayers.<br><span>The Department of Government Efficiency (DOGE) now claims its waste-shredding measures have netted a staggering $115 billion in savings.</span><span> (Thomas Fuller/SOPA Images/LightRocket via Getty Images / Getty Images)</span><br><a href="https://www.foxnews.com/politics/epa-terminates-biden-admins-green-grants-worth-20b-zeldin-says"><strong>EPA TERMINATES BIDEN ADMIN'S GREEN GRANTS WORTH $20B, ZELDIN SAYS</strong></a><br>However, there were 163.1 million individual income tax returns in the latest tax return year of 2023, according to the IRS, meaning this would put the average saved per taxpayer at $705.09.<br>DOGE, which has been embraced by Republicans and derided by Democrats, says that the biggest savings have come from the General Services Administration (GSA), followed by the Education Department and the Environmental Protection Agency (EPA).<br>For instance, EPA Administrator <a href="https://www.foxnews.com/person/z/rep-lee-zeldin" target="_blank" rel="noopener">Lee Zeldin</a> on Tuesday announced that the agency is terminating $20 billion in grants awarded by the Biden administration for climate and clean-energy projects, while President Donald Trump has set about dismantling the Education Department and has announced mass layoffs at the department. DOGE cuts to the GSA include lease terminations and cuts to support and training programs.<br>It is unclear exactly where the bulk of the GSA cuts emanate from. The agency manages federal properties, among other services.<br>Fox News is unable to independently verify all the reported DOGE savings since the agency doesn’t provide a full accounting of their savings, only a partial list.<br><span>President Donald Trump ordered DOGE to root out waste, fraud and abuse in the federal government.</span><span> (Kayla Bartkowski/Getty Images / Getty Images)</span><br>The agencies with the least savings, DOGE says, are the State Department, followed by the National Institutes of Health (NIH) and the Energy Department.<br>DOGE says more than 5,350 contracts have been terminated, totaling around $20 billion in savings, while nearly 7,500 grants have been nixed, scooping $17 billion in savings.<br>Nearly 800 leases totaling more than 10 million square feet have been yanked, netting $500 million in lease savings.<br><span>Elon Musk and President Donald Trump are looking to make drastic savings throughout the federal government.</span><span> (Brandon Bell/Getty Images / Getty Images)</span><br><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener"><strong>GET FOX BUSINESS ON THE GO BY CLICKING HERE</strong></a><br>DOGE was created by <a href="https://www.foxnews.com/category/person/donald-trump" target="_blank" rel="noopener">Trump</a> through an executive order he signed on Inauguration Day. Under the order, DOGE will be a temporary organization within the White House that will spend 18 months until July 4, 2026, carrying out its mission.<br>The group has faced criticism over its access to federal systems, including the Treasury Department's payment system, as well as moves to cancel federal contracts and make cuts at various agencies, including the United States Agency for International Development.<br><i>Fox News' Kevin Gora and Eric Revell contributed to this report. </i><br><br>Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news that matters to you.<br>We've added you to our mailing list.<br>By clicking subscribe, you agree to the Fox News <a href="https://www.foxnews.com/privacy-policy" target="_blank">Privacy Policy</a> and <a href="https://www.foxnews.com/terms-of-use" target="_blank">Terms of Use</a>, and agree to receive content and promotional communications from Fox News. You understand that you can opt-out at any time. <br> Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by <a href="https://www.factset.com/">Factset</a>. Powered and implemented by <a href="https://www.factset.com/solutions/business-needs/digital-solutions">FactSet Digital Solutions</a>. <a href="https://www.factset.com/privacy">Legal Statement</a>. <br>This material may not be published, broadcast, rewritten, or redistributed. ©2025 FOX News Network, LLC. All rights reserved. <a href="https://help.foxbusiness.com/hc/en-us/sections/4405278462107-FAQ">FAQ</a> - <a href="/privacy-policy">New Privacy Policy</a><br><br><a href="https://news.google.com/rss/articles/CBMipAFBVV95cUxOMGhMb0FoRlROckhsV19Jd0ZqZktOV2RKM1dhNWZxalk4X3FmNVpCSGhsdXJtaTBhODVKYVptZ2gwcmxpRXVvOU1ROGJyenF5TVVzQmNsQ1MxUjRzQjE5VExwMmJubU1INjVNNjh3QnZGT25rMXRvQUdSeGF4TVU0WTg5Z01QWjJYakExX2Z3NDRfcTdXTFAzeG9rcTlOOEtoRERUN9IBqgFBVV95cUxNWk5GSHRSSzFXSVJ2ei1pSWhCMHk2a05xN1cweEppbHpDVTBaZUpMUGdXX3FhLV9XVFc1YkZLd3cwVVZrdk5xMTNyMmZ5ZW5fMHFJY3loazhyYm1aN2VlZXJ5UUhwUFl6ZnpIM0V5QUtVV3dIMGJRbXpUVVlCV0hEckVKRTF6NzRqLTJzZHExSHVyY28yMmVzYV9yRWdwOWZTX2lBeXhJNXZRUQ?oc=5">source</a>
