Trump Floats Giving DOGE Savings to Public, Defending Cost Cuts
President suggests 20% returned, 20% going to cut deficit
Musk, Trump push to slash government faces legal challenges
Play Video
Unmute
Trump Praises Musk, May Give 20% of DOGE Savings to Citizens
By Hadriana Lowenkron, Kate Sullivan, and Gillian Tan
20 February 2025 at 7:21 AM SGT
Updated on
20 February 2025 at 10:27 AM SGT
Save
Translate
President Donald Trump suggested that some savings from his federal cost-cutting effort, overseen by billionaire Elon Musk, could be sent back to US taxpayers, with another portion being used to reduce the national deficit.
“There’s even under consideration a new concept where we give 20% of the DOGE savings to American citizens, and 20% goes to paying down debt, because the numbers are incredible,” Trump said referring to his Department of Government Efficiency effort during an address Wednesday at an investment summit backed by Saudi Arabia’s sovereign wealth fund in Miami.
Moving fast and breaking things might work in Silicon Valley, but not in governing.
20 February 2025 at 4:00 AM SGT
By Catherine Thorbecke
Catherine Thorbecke is a Bloomberg Opinion columnist covering Asia tech. Previously she was a tech reporter at CNN and ABC News.
Malaysia is moving slow as it rolls out AI for government tasks.
Photographer: Ian Teh/Bloomberg
Save
Translate
Would you trust artificial intelligence to help run your country? Malaysia is doing just that, turning to AI to help with some of the more tedious parts of governing.