The Financial Horizons
No Result
View All Result
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
The Financial Horizons
No Result
View All Result
Home Latest News

DOGE uncovers over 4M government credit cards responsible for 90M transactions

by
February 19, 2025
in Latest News
0
DOGE uncovers over 4M government credit cards responsible for 90M transactions
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

The Department of Government Efficiency (DOGE) said it has uncovered that the U.S. government currently has more than 4 million active credit cards on its books.

‘The US government currently has ~4.6M active credit cards/accounts, which processed ~90M unique transactions for  ~$40B of spend[ing] in FY24,’ DOGE said in a post on X on Tuesday. 

Attached to the post was a breakdown of multiple federal agencies and their credit card use, with the Department of Defense leading the way in both the number of transactions (about 27.2 million), and number of individual accounts (roughly 2.4 million).

DOGE’s activities have come under increasing scrutiny over the last few weeks, with opponents arguing that President Donald Trump has given billionaire Elon Musk, who was tapped to head the department, too much power to shrink the size of the federal government.

The new department has also been at the center of numerous lawsuits, with opponents attempting to block Musk and the Trump administration from carrying out many of DOGE’s recommendations for cuts.

However, Trump has not wavered in his support from the efforts, publicly supporting DOGE’s work while also releasing a memo on Tuesday ordering government agencies to be ‘radically transparent’ with the American people about its spending.

The memo argues that the federal government ‘spends too much money on programs, contracts, and grants that do not promote the interests of the American people.’

‘For too long, taxpayers have subsidized ideological projects overseas and domestic organizations engaged in actions that undermine the national interest,’ the note continues. ‘The American people have seen their tax dollars used to fund the passion projects of unelected bureaucrats rather than to advance the national interest.’

‘The American people have a right to see how the Federal Government has wasted their hard-earned wages.’

Meanwhile, DOGE promised to update its efforts to streamline the government’s credit card usage within a week.

‘DOGE is working w/ the agencies to simplify the program and reduce admin costs – we will report back in 1 week,’ DOGE said on X.

This post appeared first on FOX NEWS
Previous Post

Trump calls Ukraine’s Zelenskyy a ‘dictator without elections’ as rift widens

Next Post

EU warns Trump against letting Putin divide the US and Europe: ‘Let’s not do him the favor’

Next Post
EU warns Trump against letting Putin divide the US and Europe: ‘Let’s not do him the favor’

EU warns Trump against letting Putin divide the US and Europe: ‘Let’s not do him the favor’

    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 News

    Inside the Situation Room, where Trump and his national security team monitored ‘spectacular’ success on Iran

    Inside the Situation Room, where Trump and his national security team monitored ‘spectacular’ success on Iran

    June 22, 2025
    Thomas Massie says he feels ‘misled’ by Trump after Iran strikes: ‘He’s engaged in war’

    Thomas Massie says he feels ‘misled’ by Trump after Iran strikes: ‘He’s engaged in war’

    June 22, 2025
    JD Vance says Iranian nuclear program ‘substantially’ set back after ‘precise, surgical’ US strikes

    JD Vance says Iranian nuclear program ‘substantially’ set back after ‘precise, surgical’ US strikes

    June 22, 2025
    Israeli President Herzog: Israel ‘not dragging’ US into war with Iran

    Israeli President Herzog: Israel ‘not dragging’ US into war with Iran

    June 22, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Thefinancialhorizons.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 thefinancialhorizons.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Editor’s Pick
    • Latest News

    Disclaimer: Thefinancialhorizons.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 thefinancialhorizons.com | All Rights Reserved