Bank Street Journal
  • Business
  • Politics
  • World
  • Investing
  • Business
  • Politics
  • World
  • Investing
No Result
View All Result
Bank Street Journal
No Result
View All Result
Home Politics

Trump’s DOGE efficiency agency says it slashes $25B in federal spending as rehiring begins

June 12, 2025
in Politics
Trump’s DOGE efficiency agency says it slashes $25B in federal spending as rehiring begins
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Department of Government Efficiency (DOGE) announced on Wednesday it has decreased its annual non-defense federal obligations by an additional ~1.9% since last month.

As of June 8th, annual non-defense federal obligations are down 22.4%, or ~$25B, as compared to 2024, DOGE announced on X.

The cut marks an additional ~1.9% reduction from last month’s figures, which were announced on May 8. 

‘Cash outlays will follow as obligations come due,’ DOGE wrote in the post. ‘Our initiative to reduce wasteful spend, consistent with the DOGE Cost Efficiency Executive Order, continues to bear fruit.’

On May 14, DOGE announced the current year’s non-defense federal obligations were down 20.5% as compared to 2024. 

The announcement came minutes before Fox News Digital was first to report the Department of Health and Human Services (HHS) is rehiring more than 450 previously fired employees belonging to multiple divisions within the agency’s Centers for Disease Control and Prevention (CDC).

The rehired CDC employees came from the National Center for HIV, Viral Hepatitis, STD, and Tuberculosis Prevention; the National Center for Environmental Health; the Immediate Office of the Director, and the Global Health Center, according to an HHS official familiar with the matter.

HHS Secretary Robert F. Kennedy Jr. told CBS News in April some personnel who were cut shouldn’t have been. 

‘We’re reinstating them, and that was always the plan,’ Kennedy said. ‘Part of the—at DOGE, we talked about this from the beginning, is we’re going to do 80% cuts, but 20% of those are going to have to be reinstated, because we’ll make mistakes.’

In addition to the HHS rehires, the Internal Revenue Service, Food and Drug Administration, State Department, and Department of Housing and Urban Development started rehiring employees let go during DOGE cuts, the Washington Post reported.

Another roadblock this week was a ruling from U.S. District Judge Denise Cote of the Southern District of New York, who ruled to restrict the agency’s access to federal databases.

The Trump administration previously said DOGE could not work effectively with the limitations, noting DOGE needed to access Social Security information to root out fraud.

Fox News Digital’s Alec Schemmel and Danielle Wallace contributed to this report.

This post appeared first on FOX NEWS

Previous Post

House advances Trump’s $9.4B spending cuts package targeting NPR, PBS, USAID to House-wide vote

Next Post

American Bar Association blasts Bondi’s decision to block it from judicial nominations: ‘Deeply disturbing’

Next Post
American Bar Association blasts Bondi’s decision to block it from judicial nominations: ‘Deeply disturbing’

American Bar Association blasts Bondi’s decision to block it from judicial nominations: ‘Deeply disturbing’

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    A weakened Iran has few options for striking back after Israel’s devastating blows

    A weakened Iran has few options for striking back after Israel’s devastating blows

    June 14, 2025
    An Israeli operation hit Iran’s nuclear program and killed top military officials. Here’s what we know

    An Israeli operation hit Iran’s nuclear program and killed top military officials. Here’s what we know

    June 14, 2025
    Everything you need to know about Iran’s nuclear program

    Everything you need to know about Iran’s nuclear program

    June 14, 2025
    Iran launches ‘hundreds’ of missiles at Israel following attack

    Iran launches ‘hundreds’ of missiles at Israel following attack

    June 14, 2025
    Disclaimer: bankstreetjournal.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Popular

    Head of controversial new Gaza aid group says he won’t be part of displacing Palestinians, urges UN to participate in plan

    Head of controversial new Gaza aid group says he won’t be part of displacing Palestinians, urges UN to participate in plan

    May 17, 2025

    American Eagle shares plunge 17% after it withdraws guidance, writes off $75 million in inventory

    American Eagle shares plunge 17% after it withdraws guidance, writes off $75 million in inventory

    May 15, 2025

    Recent News

    A weakened Iran has few options for striking back after Israel’s devastating blows

    A weakened Iran has few options for striking back after Israel’s devastating blows

    June 14, 2025
    An Israeli operation hit Iran’s nuclear program and killed top military officials. Here’s what we know

    An Israeli operation hit Iran’s nuclear program and killed top military officials. Here’s what we know

    June 14, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 BankStreetJournal.com | All Rights Reserved

    No Result
    View All Result
    • Business
    • Politics
    • World
    • Investing

    Copyright © 2024 BankStreetJournal.com | All Rights Reserved