Musk says DOGE set to top $150B in fraud savings in FY 2026

Elon Musk told President Donald Trump on Thursday that DOGE expects to save the U.S. government more than $150 billion in waste and fraud in FY 2026.

Elon Musk attends a Cabinet meeting with President Donald Trump in the Cabinet Room of the White House on April 10, 2025, in Washington, D.C. (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)

"So, I think we're doing a lot of good, and in excellent collaboration with the Cabinet, to achieve these savings. And it will actually result in better services for the American people. And then we're going to be spending their tax dollars in a way that is sensible and fair and good," he added.

DOGE SLASHES NEARLY $1M FOR ALPACA FARMING IN PERU, OTHER QUESTIONABLE GRANTS IN LATEST WASTEFUL SPENDING CUT

Thursday's Cabinet meeting comes less than a day after DOGE announced the cancelation of 108 "wasteful contracts" on Wednesday.

Elon Musk's Tesla showroom locations have faced repeated protests over his role in DOGE.  (BRENDAN SMIALOWSKI/AFP via Getty Images)

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Another was a $5.2 million contract with the U.S. Office of Personnel Management, the human resources agency for the federal government, to "provide strategic advisory and assistance to improve and transform current processes and organizational systems."

Anders Hagstrom is a reporter with Fox News Digital covering national politics and major breaking news events. Send tips to Anders.Hagstrom@Fox.com, or on Twitter: @Hagstrom_Anders.

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