Golden Finance reported that the U.S. Department of Government Efficiency (DOGE) announced in an article on contract, and two leases. According to calculations by BusinessInsider, this equates to about $126 million worth of contract cancellations every day. If the organization had worked at this rate for the 530 days between January 20, 2025, and July 4, 2026, approximately $67 billion in contracts would be canceled annually. (Note: The U.S. DOGE Services Interim Organization is due to terminate on July 4, 2026.) This will ultimately account for about 3% of Elon Musk’s original $2 trillion goal of cutting the federal budget, or 7% of his reduced $1 trillion goal %. Currently, DOGE is mainly focused on DEI (diversity, equity and inclusion) contracts and vacant buildings, but it cannot directly change the federal budget without congressional approval.