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DOGE Puts $1 Spending Limit on Government Employee Credit Cards

The General Services Administration, along with at least three other federal agencies, has implemented a $1 spending limit on most credit cards belonging to employees and contractors, a restriction that will soon be rolled out to the entire government workforce. This move is part of Elon Musk's Department of Government Efficiency's efforts to reduce unnecessary expenses and promote fiscal responsibility among government officials. The new policy aims to curb wasteful spending and ensure greater accountability in government procurement.

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Elon Musk’s $1 Spending Limit Is Paralyzing Federal Agencies. Δ1.91

Elon Musk's implementation of a $1 spending limit for federal agencies, under the Department of Government Efficiency (DOGE), is causing significant disruptions in operations, including delays in critical shipments and hindrances to employee productivity. The credit card freeze is stalling essential travel and preventing agencies from effectively carrying out their functions, raising questions about the operational viability of government departments under such constraints. This situation highlights the broader implications of Musk's management style, which may redefine the relationship between private-sector practices and public administration.

DOGE's Budget Bonanza Raises Red Flags Δ1.82

U.S. President Donald Trump's Department of Government Efficiency (DOGE) has saved U.S. taxpayers $105 billion through various cost-cutting measures, but the accuracy of its claims is questionable due to errors and corrections on its website. Critics argue that DOGE's actions are driven by conflicts of interest between Musk's business interests and his role as a "special government employee." The department's swift dismantling of entire government agencies and workforce reductions have raised concerns about accountability and transparency.

Senate Republicans Push to Codify DOGE Cuts After Musk Meeting Δ1.81

U.S. Senate Republicans pushed for the U.S. Congress to codify spending cuts identified by billionaire Elon Musk's Department of Government Efficiency on Wednesday, after the Supreme Court declined to let President Donald Trump withhold payments to foreign aid organizations. This move aims to formalize the spending reductions into law, preventing potential future disputes over their implementation. The proposal also seeks to address public concerns about the DOGE's methods and ensure accountability for its actions. Senate Republicans acknowledged that the Supreme Court ruling does not bode well for White House hopes of taking unilateral action on spending cuts.

Doge's Misplaced War on Software Licenses Δ1.78

DOGE claims that a government agency has nearly three times as many software licenses as employees. Experts say there are plenty of good reasons for that. The department’s efforts to identify waste in the federal government may inadvertently reveal more about its own bureaucracy than it intends.

DOGE's Email Demands Spark Concerns About Government Oversight. Δ1.78

The U.S. Department of Health and Human Services has told employees to respond to an email from the Trump administration demanding they summarize their work over the past week, reversing its earlier position on not responding to DOGE's emails. This move raises concerns about the authority of Musk's Department of Government Efficiency (DOGE) under the U.S. Constitution. Employees at HHS had previously been told that they did not have to respond to DOGE's emails due to concerns about sensitive information being shared.

The Trump Administration May Exclude Government Spending From GDP, Obscuring the Impact of DOGE Cuts Δ1.78

Government spending could be separated from gross domestic product reports in response to questions about whether the spending cuts pushed by Elon Musk's Department of Government Efficiency could possibly cause an economic downturn. The Commerce Secretary's remarks echoed Musk’s arguments made Friday on X that government spending doesn’t create value for the economy. This move may obscure the impact of DOGE cuts on the economy, but it also raises concerns about how alternative measures of GDP would accurately reflect the true state of economic health.

Doge Wants to Lay Off 'Vast Majority' Of Cfpb Workers, Employees Say Δ1.76

The Department of Government Efficiency (DOGE) is planning to fire the "vast majority" of employees at the Consumer Financial Protection Bureau (CFPB), with agency employees submitting sworn declarations detailing a hasty firing process orchestrated by DOGE. The layoffs have raised concerns about the authority of Musk's Department of Government Efficiency under the U.S. Constitution and the implications for consumer protection. The CFPB is responsible for ensuring that companies offering financial services are not misleading consumers or skirting the law.

DOGE Staffers Are Drawing Six-Figure Government Salaries Δ1.76

The Department of Government Efficiency's executives and engineers are receiving substantial taxpayer-funded salaries, often from the very agencies they are cutting, sparking concerns about accountability and executive pay. Despite efforts to slash bureaucracy, some DOGE staffers are benefiting financially from their new roles, raising questions about Musk's intentions for the agency. The lucrative salaries awarded to some DOGE employees highlight a disconnect between the department's stated goals of reducing government waste and its own compensation practices.

DOGE Dividend: 4 Things You Should Do First If You Get Your $5,000 Payout Δ1.76

If you were lucky enough to receive a DOGE dividend payout of $5,000 from President Trump's Department of Government Efficiency (DOGE), consider prioritizing building an emergency fund to alleviate financial stress. A significant portion of Americans struggle with limited emergency funds, and the $5,000 check can help accelerate reaching this goal, especially for those who have little in savings. Applying a majority of the payout towards high-interest credit card debt can also be a wise move, as it can save you thousands of dollars in interest and accelerate achieving debt freedom.

US Government Cuts Key Software Division without Warning. Δ1.76

The US government's General Services Administration department has dissolved its 18F unit, a software and procurement group responsible for building crucial login services like Login.gov. This move follows an ongoing campaign by Elon Musk's Department of Government Efficiency to slash government spending. The effects of the cuts will be felt across various departments, as 18F collaborated with many agencies on IT projects.

Demographic Changes at Irs Affect Tax Filing Services Δ1.75

The Trump administration's Department of Government Efficiency (DOGE) team led by Elon Musk has fired the 18F tech team responsible for building the free tax-filing service and revamping government websites, citing them as "non critical." The move follows a public feud between Musk and the 18F team, with Musk calling them a "far-left" group. This change in leadership may impact the development and maintenance of the IRS's digital services.

DOGE Deploys GSAi Custom Chatbot for 1,500 Federal Workers Δ1.75

Elon Musk's Department of Government Efficiency has deployed a proprietary chatbot called GSAi to automate tasks previously done by humans at the General Services Administration, affecting 1,500 federal workers. The deployment is part of DOGE's ongoing purge of the federal workforce and its efforts to modernize the US government using AI. GSAi is designed to help streamline operations and reduce costs, but concerns have been raised about the impact on worker roles and agency efficiency.

Elon Musk's DOGE May Bring Some Pain to These 4 High-Growth Restaurant Stocks Δ1.74

Elon Musk's initiatives to reduce government employment through his Department of Government Efficiency (DOGE) are projected to adversely affect sales at fast-casual restaurants like Cava, Shake Shack, Chipotle, and Sweetgreen, particularly in the Washington, D.C. area. Bank of America analysts highlight that a significant portion of these chains' business relies on government workers, whose diminished presence due to layoffs could lead to reduced foot traffic and sales. The ongoing decline in jobless claims in D.C. signals a challenging environment for these restaurants as they adapt to shifting consumer behavior driven by workforce changes.

FTC Staffing Cuts Undergo Terminations Δ1.74

At least a dozen probationary staffers at the Federal Trade Commission were terminated last week, with terminations taking place across the agency. The FTC's staffing cuts follow a familiar playbook driven by Elon Musk's Department of Government Efficiency (DOGE), targeting probationary employees in an indiscriminate manner. The agency's internal equal opportunity office was also cut from six to three staffers.

What Elon Musk’s Critics Are Getting Wrong. Δ1.74

Elon Musk’s role in the government efficiency commission, known as DOGE, has been misconstrued as merely a vehicle for his financial gain, despite evidence suggesting it has led to a decline in his wealth. Critics argue that Musk's collaboration with Trump aims to dismantle government services for personal financial benefit, yet his substantial losses in Tesla's stock value indicate otherwise. This situation highlights the complexities of Musk's motivations and the potential risks his political alignment poses for his primary business interests.

Trump Officials Propose New Measure to Gauge Economy's Health Amid DOGE Cuts Δ1.73

Trump administration officials are considering a new approach to measuring the economy's health, which may downplay the negative effects of downsizing federal agencies under Elon Musk's leadership. The proposed measure, based on Value Added by Private Industries (VAPI), aims to exclude government spending from the traditional GDP calculation. This change could be seen as an attempt to minimize the impact of DOGE cuts, raising concerns about transparency and accountability in economic reporting.

Hidden Retirement Strategy Could Add $100,000 to Your Nest Egg Δ1.73

As President Donald Trump's initiatives, led by Elon Musk's Department of Government Efficiency (DOGE), cut staff and shut down multiple Social Security offices, an already understaffed system — with 7,000 fewer full-time employees and 7 million more beneficiaries than a decade ago — has become a significant concern for Americans. To mitigate the impact of reduced government support, it is crucial to implement effective wealth-building retirement strategies. A key overlooked strategy for reaching a six-figure income in retirement is utilizing a health savings account (HSA).

DOGE Job Cuts Are Appearing in some, but Not All, Labor Market Data Δ1.73

Early signs of the Department of Government Efficiency's job cuts are appearing in some labor market numbers. Job placement firm Challenger, Gray & Christmas reported a 245% increase in layoff announcements in February to 172,017, driven by DOGE and canceled government contracts. The early impact is also reflected in continuing claims for unemployment benefits, which remain near a three-year high.

The Crypto Industry Got What It Paid For Δ1.73

President Donald Trump's proposal for a U.S. Crypto Reserve aims to reward his billionaire crypto donors while potentially undermining the U.S. dollar's position as the world's reserve currency. Critics argue that this initiative could lead to taxpayer-funded bailouts for volatile cryptocurrencies, which are often associated with criminal activities and speculative trading. The proposal raises concerns about the implications for fiscal policy, economic stability, and the effectiveness of U.S. regulatory authority over digital assets.

Federal Worker Layoffs: A Growing Concern Among Americans Δ1.72

A near-record number of federal workers are facing layoffs as part of cost-cutting measures by Elon Musk's Department of Government Efficiency (DOGE). Gregory House, a disabled veteran who served four years in the U.S. Navy, was unexpectedly terminated for "performance" issues despite receiving a glowing review just six weeks prior to completing his probation. The situation has left thousands of federal workers, including veterans like House, grappling with uncertainty about their future.

Lawsuit Filing Details Doge's Plans to Dismantle the Cfpb Δ1.72

The Consumer Financial Protection Bureau is on the verge of being dismantled, according to testimony in a lawsuit filed by Democratic state attorneys general, which claims that Trump administration officials planned to strip away the agency until it was left with essentially nothing. The written testimony reveals that key functions of the agency have largely ceased to operate due to cancellations of outside contracts and a stop-work order issued by acting director Russell Vought. Senior Judge Amy Berman Jackson had temporarily blocked mass firings at the CFPB, but the Trump administration is seeking to lift her order.

Elon Musk's Blockchain Plan Sparks Debate Over US Spending Transparency Δ1.72

Elon Musk has sparked debate by endorsing the idea of putting US Treasury spending on a blockchain, aiming to increase transparency and eradicate alleged fraud. The proposal has raised discussions about its feasibility, benefits, and risks, with experts weighing in on the potential scalability challenges. The concept of using blockchain for US public spending is seen as a deterrent against unauthorized financial activity.

House Unveils Trump-Backed Bill to Avert Government Shutdown Δ1.72

The House Republicans' spending bill aims to keep government agencies open through September 30, despite opposition from Democrats who fear it will allow billionaire Elon Musk's cuts to continue unchecked. The move sets up a dramatic confrontation on Capitol Hill next week, with Speaker Mike Johnson attempting to pass the 99-page bill without Democratic support. If the bill fails, Congress is likely to pass a temporary stopgap measure, buying more time for lawmakers to forge a compromise.

From 2% to Nearly Everyone: Musk’s X Post on Income Tax Raises Big Questions Δ1.72

Elon Musk has been vocal about the tax code's flaws. He believes there shouldn't be any tax incentives and also raised questions about how income taxes became the model. The questions and scrutiny come as the Department of Government Efficiency (DOGE) discovers questionable uses of taxpayers’ money.

Federal Workers Hit with Second Wave of Emails Demanding Job Details Δ1.72

The Trump administration has sent a second wave of emails to federal employees demanding that they summarize their work over the past week, following the first effort which was met with confusion and resistance from agencies. The emails, sent by the U.S. Office of Personnel Management, ask workers to list five things they accomplished during the week, as part of an effort to assess the performance of government employees amid mass layoffs. This move marks a renewed push by billionaire Elon Musk's Department of Government Efficiency team to hold workers accountable.