Bull Hedging
  • Politics
  • Stocks
  • Business
  • Investing
  • Politics
  • Stocks
  • Business
  • Investing

Bull Hedging

Politics

Hegseth says Defense Dept eliminates hundreds of millions in ‘wasteful’ spending after DOGE findings

by admin March 21, 2025
March 21, 2025
Hegseth says Defense Dept eliminates hundreds of millions in ‘wasteful’ spending after DOGE findings

U.S. Defense Secretary Pete Hegseth said wasteful spending is over as he signed a memo to cancel over $580 million in Department of Defense (DoD) contracts.

‘We’re back with another quick update on our efforts to cut wasteful spending and cut it quickly at the Department of Defense,’ Hegseth announced in a post on X.

‘Today, I’m signing a memo directing the termination of over $580 million in DoD contracts, in grants that do not match the priorities of this president or this department. In other words, they are not a good use of taxpayer dollars.’

Hegseth said that they owe Americans transparency, sharing details on some of the contracts and grants that have been canceled.

‘There’s an HR software effort that was supposed to take a year and cost $36 million, but instead it’s taken eight years and is currently $280 million over budget, not delivering what it was supposed to. So that’s 780% over budget. We’re not doing that anymore,’ Hegseth vowed.

Hegseth added that they uncovered another batch of DoD grants, totaling $360 million worth, that decarbonizing emissions from Navy ships – part of the Obama-Biden Green agenda. 

‘That’s 6 million bucks, $5.2 million on something that would diversify and engage the Navy by engaging underrepresented Bipoc students and scholars. Another $9 million at a university to approach equitable AI and machine learning models. I need lethal machine learning model, not equitable machine learning models,’ Hegseth explained.

On this third point, Hegseth said Thursday’s other cuts included wasteful spending on external consulting services. 

’30 million bucks in contracts with Gartner and McKinsey. That’s IT purchasing unused licenses. So when you add it all up, $580 million in DoD contracts and grants DOGE is helping us cut today,’ Hegseth said.

When added up all together, Hegseth said that over $800 million in wasteful spending has been canceled over the first few weeks, as DoD partners with DOGE ‘to make sure that our warfighters have what they need by cutting the waste, fraud, and abuse.’

‘They’re working hard. We’re working hard with them. We appreciate the work that they’re doing, and we have a lot more coming. So stay tuned,’ Hegseth said. 

‘So, might as well not waste any more time right now, just sign this thing. How about that? So this makes it official. We’re going to keep going for you guys,’ Hegseth said while signing the orders. 

‘Have we ever seen this level of transparency? Amazing, thank you @SecDef,’ Rep. Nancy Mace, R-S.C., commented on Hegseth’s post.

Back in February, Hegseth committed to cooperating with DOGE to cut wasteful spending at the Department of Defense.

‘We will partner with them. It’s long overdue. The Defense Department’s got a huge budget, but it needs to be responsible,’ Hegseth previously told Fox News. 

As of Thursday afternoon, 239 ‘wasteful’ contracts with a ‘ceiling value’ of $1.7 billion have been terminated over a two-day period, DOGE announced. 

Fox News Digital’s Deirdre Heavey and Louis Casiano contributed to this report.

Stepheny Price is a writer for Fox News Digital and Fox Business. She covers topics including missing persons, homicides, national crime cases, illegal immigration, and more. Story tips and ideas can be sent to stepheny.price@fox.com

This post appeared first on FOX NEWS

previous post
Trump warns of jail time for Tesla vandals, anyone funding the attacks: ‘WE ARE LOOKING FOR YOU!!!’
next post
Biden’s former spokesman slams Trump and GOP for ‘colluding to impeach’ judges

Related Posts

Trump wants Musk to stay with administration, says...

April 4, 2025

CDC official who blasted Trump’s ‘weak science’ led...

August 31, 2025

Tillis’ retirement announcement draws reactions from Trump critic...

June 30, 2025

Trump urged to review UN immunity, lax visa...

April 4, 2025

Ex-Biden advisor calls Jean-Pierre ‘kinda dumb,’ deletes tweet,...

June 6, 2025

Cornyn takes swing at James, Schiff with new...

August 5, 2025

Political world reacts to former President Biden’s ‘aggressive’...

May 19, 2025

Marjorie Taylor Greene shares what’s next for House...

February 13, 2025

AI is reshaping business. This is how we...

December 25, 2024

DAVID MARCUS: The Department of War marks the...

September 7, 2025

Recent Posts

  • The Real Drivers of This Market: AI, Semis & Robotics
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio
  • Five possible futures for Middle East from renaissance to rockets
  • ‘Untold damage’: Global assisted suicide movement targets children
  • Two IDF soldiers killed amid ‘severe’ ceasefire violation, ‘it’s not the last,’ analyst says

Recent Comments

No comments to show.

About Us

About Us

Design Magazine

Welcome to Design Magazine. Follow us for daily & updated design tips, guide and knowledge.

Stay Connect

Facebook Twitter Instagram Pinterest Youtube Email

Recent Posts

  • The Real Drivers of This Market: AI, Semis & Robotics

    October 20, 2025
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    October 20, 2025
  • Five possible futures for Middle East from renaissance to rockets

    October 20, 2025
  • ‘Untold damage’: Global assisted suicide movement targets children

    October 20, 2025
  • Two IDF soldiers killed amid ‘severe’ ceasefire violation, ‘it’s not the last,’ analyst says

    October 20, 2025
  • Is Trump’s ‘heat’ on Venezuela the start of a wider campaign for regime change?

    October 20, 2025

Editors’ Picks

  • 1

    Small Caps are Set to Skyrocket in 2025—Here’s What You Need to Know

    December 12, 2024
  • 2

    Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 31, 2024
  • 3

    Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • 4

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
  • 5

    Uranium Price Forecast: Top Trends That Will Affect Uranium in 2025

    December 19, 2024
  • 6

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 7

    Trudeau declares himself ‘proud feminist’ after lamenting Harris loss to Trump as setback for women

    December 13, 2024
Promotion Image

banner

Categories

  • Business (579)
  • Investing (2,225)
  • Politics (2,716)
  • Stocks (852)
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Disclaimer: bullhedging.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.


Copyright © 2025 bullhedging.com | All Rights Reserved