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The Independent UK
The Independent UK
Mary Papenfuss

A bigger hole: Trump has already spent $155bn more than Biden. Musk now claims DOGE only saved $150bn

The Trump administration has already spent $155 billion more than former President Joe Biden did over the same period of time after their inaugurations, according to Treasury Department data. And Elon Musk is now claiming that his Department of Government Efficiency has only managed to save $150 billion.

That means that despite tens of thousands of government workers being fired, agencies shuttered, contracts cut and federal services dramatically reduced, the current administration has already racked up an additional $5 billion of debt than the Biden administration in the same space of time.

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