• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

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

by June 12, 2025
by June 12, 2025

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

0 comment
0
FacebookTwitterPinterestEmail

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’

Related Posts

Monetary Policy Rules Suggest Fed Should Hold Steady...

March 17, 2026

Can Immigration Address America’s Fiscal Nightmare? It Depends

March 17, 2026

The Long Shadow of COVID School Closures

March 17, 2026

Fed Officials Face Diverging Mandates

March 16, 2026

Starbucks CEO Howard Schultz Ditches Seattle After Wealth...

March 16, 2026

China’s AI Paradox: Can Innovation Thrive in a...

March 16, 2026

Warsh: The Fed Helped Create Fiscal Dominance

March 13, 2026

The End of Pax Americana

March 13, 2026

Entrepreneurs Take on the Funeral Monopoly: When Selling...

March 12, 2026

The Fed Has a Groupthink Problem. Warsh Can...

March 12, 2026

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 Posts

  • Brazil’s Ibovespa rally above 181,000 as rate cut bets lift markets

    March 18, 2026
  • Nvidia stock fails to rally after Huang’s speech but analysts remain bullish

    March 18, 2026
  • Why Micron stock hit a new ATH ahead of earnings

    March 18, 2026
  • Bentley to cut jobs as profits fall, EV investment continues

    March 18, 2026
  • Disney stock trading at historically low multiple: opportunity or value trap?

    March 18, 2026
  • Is UBER stock a buy at 22x earnings? The Nvidia catalyst explained

    March 18, 2026

Editors’ Picks

  • 1

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 2

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 3

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • ‘The Value of Others’ Isn’t Especially Valuable

    April 17, 2025
  • 7

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025

Categories

  • Economy (4,448)
  • Editor's Pick (558)
  • Investing (778)
  • Stock (2,813)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

House witness flips script on Dem who...

June 8, 2025

Trump administration moves decisively to block China...

July 9, 2025

Skies at stake: Inside the U.S.–China race...

November 17, 2025