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      A Trump DOGE Dividend Could Raise Inflation

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      President Trump floated giving taxpayers a piece of any savings that Elon Musk’s cost-cutting generates, which could reignite inflation.President Trump’s speech at the FII Priority conference in Miami Beach was standing room only, with boldfaced names of the business world in attendance.Al Drago for The New York TimesDealBook’s Lauren Hirsch is in Miami Beach at the FII Priority conference, where President Trump floated the idea of sending Americans a dividend or refund check from money saved by DOGE rather than use all of it to pay down the debt. More below.Separately, since you may read about this elsewhere, I thought I’d share with you a secret I’ve been keeping: For the past eight years, I’ve been working on a follow-up to my book, “Too Big to Fail.” I’ve written what I think of as a prequel: a nonfiction, character-driven, behind-the-scenes account of 1929, the year of the most infamous market crash of all time. The book will be out in October. I’ll talk more about it then.Trump floats a new stimulus ideaPresident Trump swept into Miami Beach on Wednesday to speak at the FII Priority conference with yet another eyebrow-raising idea: using the savings he says Elon Musk’s cost-cutting team is finding to send taxpayers checks and repay the national debt.It isn’t clear whether this would actually happen. But Trump’s potential move — described to a crowd that included Musk; Eric Schmidt, formerly of Google; and Michael Klein, the deal-maker mogul — raises questions about the president’s economic priorities.What Trump described: forking over 20 percent of the savings that Musk’s so-called Department of Government Efficiency initiative has cut from government spending “to American citizens” and 20 percent to paying down the national debt. (He didn’t say what would happen to the remaining 60 percent.)What is Trump actually trying to accomplish? He has promised to cut the national debt, though critics say his plans for sweeping tax cuts and more would aggravate the nation’s fiscal burden.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Says DOGE Savings Could Be Returned to Taxpayers

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      President Trump said on Wednesday evening that the newly established Department of Government Efficiency might return a portion of the savings accrued through job cuts and other budget curbs to American taxpayers.The idea of giving back 20 percent of the money saved as a result of initiatives recommended by the new department, known as DOGE, is “under consideration,” said Mr. Trump. The potential initiative, he said, was “a new concept” under which his administration would give “20 percent of the DOGE savings to American citizens” and “20 percent goes to paying down debt.” (He didn’t mention what would be done with the other 60 percent of the money.)It was not immediately clear whether Mr. Trump was referring to paying off consumer debt or paying off the national debt, which currently stands at $36 trillion, but his comments suggested that he may have been talking about both. In January before Mr. Trump was inaugurated, Elon Musk, the entrepreneur who is leading DOGE, set expectations for cost cutting at $1 trillion.Mr. Trump provided scant details on the potential taxpayer returns, including on whether the proposal was even feasible or if he would need congressional approval. A White House spokesperson did not immediately respond to a request for comment.Mr. Trump made his remarks during an international investment conference in Miami Beach, Fla., hosted by the Future Investment Initiative, a Saudi Arabian foundation that promotes the kingdom’s economy and cultural priorities through a variety of annual events.The president spoke to a packed auditorium with an audience that featured Mr. Musk; Yasir al-Rumayyan, the governor of the Saudi Arabian sovereign-wealth fund; Princess Reema Bandar al-Saud, the Saudi Arabian ambassador to the United States; and Gianni Infantino, the president of FIFA, soccer’s global governing body.Mr. Trump praised the work that DOGE was doing, promising that the department would save “billions, hundreds of billions” of dollars in wasteful spending.And he stressed the importance of paying down debt.“If it were a real estate balance sheet, the debt is tiny, but we still want to pay it down,” he said.He added: “We don’t look at it as a piece of real estate. It’s America.” More

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      DOGE Cuts 9/11 Survivors’ Fund, and Republicans Join Democrats in Rebuke

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      After 20 percent of the World Trade Center Health Program staff was terminated last week, Democratic lawmakers were outraged. On Wednesday, Republican lawmakers joined them.In a rare pushback against President Donald J. Trump, a coalition of congressional Republicans from the New York area rebuked the president for cuts to a federal program that administers aid to emergency workers and others suffering from toxins related to the terrorist attacks of Sept. 11, 2001.In a letter to Mr. Trump, seven Republicans urged Mr. Trump “as a native New Yorker who lived in New York City as it recovered from the 9/11 terrorist attacks” to reverse the cuts to the World Trade Center Health Program and rehire staff members who were fired several days ago.They echoed the immediate outcry from Democratic lawmakers and advocates when the cuts were made beginning late last week, as part of Elon Musk’s so-called department of government efficiency, or DOGE, which is cutting spending and eliminating jobs across a wide swath of federal agencies. On Monday, New York’s Democratic senators, Chuck Schumer and Kirsten Gillibrand, issued a letter demanding the cuts be restored.The initial reaction from Republicans was more muted, but by Wednesday, as it became clearer that the blowback to the firings was widespread, the Republican resistance grew more vocal, especially from districts in and around New York City, where the memory of 9/11 still resonates powerfully.“This staff reduction will only make it more difficult for the program to supervise its contracts and to care for its members who are comprised of the brave men and women who ran towards danger and helped in the aftermath of the 9/11 terrorist attacks,” the congressional members wrote in the letter.It was largely written by Representative Andrew R. Garbarino, a Republican from Long Island, and co-signed by five other Republican congressional colleagues from New York and Representative Chris Smith from New Jersey. The other congressional co-signers were Nick LaLota, Mike Lawler, Claudia Tenney, Nicole Malliotakis and Nick Langworthy, all supporters of Mr. Trump.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Urged to Halt Firings at the FAA

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      The Trump administration is facing pressure to protect the Federal Aviation Administration from further layoffs after hundreds of workers were fired over the weekend.The job cuts were part of a government restructuring under Elon Musk, an adviser to President Trump who is heading a cost-cutting initiative.Mr. Musk’s team has helped push through layoffs of thousands of workers across the government, including at the Transportation Department. But at the same time, the department’s secretary, Sean Duffy, has asked Mr. Musk, whose companies span the sectors of technology and transportation, to aid in addressing the agency’s aging air traffic control technology.The firings come at a time when the F.A.A., the nation’s premier aviation safety agency, is dealing with several deadly plane crashes across the country, including a midair collision between an Army helicopter and American Airlines plane that killed 67 people on Jan. 27. About 400 probationary workers — who were “hired less than a year ago” — were cut from the agency, according to Mr. Duffy, in a social media post on Monday responding to criticism from his Democratic predecessor, Pete Buttigieg.“Zero air traffic controllers and critical safety personnel were let go,” Mr. Duffy wrote.The Transportation Department added in a statement that the agency was continuing to hire and train air traffic controllers and aviation safety workers. However, union representatives say that some of the fired employees served in important support roles.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      What Is Elon Musk’s Job?

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      Even as the billionaire tech executive Elon Musk is seemingly everywhere in Washington, his role remains murky.Early on in his interview with President Trump and Elon Musk yesterday, Fox News’s Sean Hannity tried ever so gently to get to the bottom of an important question: What does Musk actually do?“He’s your tech support?” Hannity asked, referring to the words on the T-shirt Musk had opened his blazer to reveal a few moments earlier.Musk said he was.“He’s much more than that,” Trump insisted.The exchange did little to answer the question. Musk’s precise role and responsibilities remain so vague, and so shrouded in secrecy, that even he and the president haven’t quite agreed on what to call it, or exactly how to talk about it.Trump once said that it would be Musk’s job to “lead” the so-called Department of Government Efficiency, but a court filing this week said he was not actually the administrator of that effort — although it did not say who was. The White House has called Musk a “special government employee,” and Karoline Leavitt, the press secretary, insisted that the department merely advised agencies, without the authority to fire people.“He’s more powerful than a cabinet secretary, but he is not Senate-confirmed,” said Jessica Riedl, a senior fellow at the Manhattan Institute and a former Republican Senate aide, who added that, at the same time, Musk offers little public information about his day-to-day activities.The White House has not laid out exactly how many people are part of Musk’s team, or exactly what they are doing. For all of Musk’s promises of transparency, the public is learning about his team’s work largely through reporting and through, as my colleague Zach Montague pointed out today, legal filings. Even judges are having difficulties ascertaining basic facts about the group’s incursion into agencies and the data its staff is collecting.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Courts Force a Window Into Musk’s Secretive Unit

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      When President Trump signed an order imbuing the so-called Department of Government Efficiency with even more power over the federal work force, Elon Musk was there, championing the work as an exercise in transparency.“All of our actions are maximally transparent,” Mr. Musk said last week, standing in the Oval Office. “In fact, I don’t think there’s been — I don’t know of a case where an organization has been more transparent than the DOGE organization.”But in case after case, federal judges have begged to differ.The work of Mr. Musk, who Mr. Trump has said is the leader of the operation tasked with making “large scale” reductions across every department, has been largely shrouded in secrecy. Team members have spent weeks burrowing into multiple federal agencies, demanding access to data for undisclosed purposes.Anxious career employees have received little direct information, leaving them reliant on office rumors and news reports for updates. The identities of the members of Mr. Musk’s team, too, have been closely held.Court filings in the torrent of lawsuits challenging the incursions have offered a crucial, though limited, window. As some of the only firsthand accounts of what Mr. Musk’s associates are doing across a number of departments, they paint a picture of a tightly managed process in which small groups of government employees have swept in and out of agencies, grabbing up data in apparent pursuit of larger political projects.The filings have also offered revelations about what information security and ethics trainings those employees have undergone. But many questions remain, frustrating the judges trying the cases.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      DOGE Claimed It Saved $8 Billion in One Contract. It Was Actually $8 Million.

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      The biggest single line item on the website of Elon Musk’s cost-cutting team appears to include an error.The Department of Government Efficiency, the federal cost-cutting initiative championed by Elon Musk, published on Monday a list of government contracts it has canceled, together amounting to about $16 billion in savings itemized on a new “wall of receipts” on its website.Almost half of those line-item savings could be attributed to a single $8 billion contract for the Immigration and Customs Enforcement agency. But it appears that the DOGE list vastly overstated the actual intended value of that contract. A closer scrutiny of a federal database shows that a recent version of the contract was for $8 million, not $8 billion. A larger total savings number published on the site, $55 billion, lacked specific documentation.The contract, with a company called D&G Support Services, was to provide “program and technical support services” for the Office of Diversity and Civil Rights at ICE. The Trump administration has been purging diversity programs from the federal government.By examining past versions of the contract listed on the Federal Procurement Data System, The Upshot determined that the federal award, approved in September 2022, had initially listed a total value of $8 billion. But on Jan. 22 this year, that figure was updated to $8 million. According to the database, the contract was terminated about a week later. (For context, $8 billion is nearly the size of the entire budget of the Centers for Disease Control and Prevention.)It’s possible that DOGE or someone else in the Trump administration can claim credit for fixing the error in the contracting database, given that the value was downgraded to $8 million two days after President Trump took office. But it is also clear that the government was not spending $8 billion on the contract. In the two and a half years since it was signed, $2.5 million had been spent; the contract appeared set to expire in 2027.The DOGE website initially included a screenshot from the federal contracting database showing that the contract’s value was $8 million, even as the DOGE site listed $8 billion in savings. On Tuesday night, around the time this article was published, DOGE removed the screenshot that showed the mismatch, but continued to claim $8 billion in savings. It added a link to the original, outdated version of the contract worth $8 billion.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Who Runs Elon Musk’s DOGE? Not Musk, the White House Says.

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      Who, exactly, runs the so-called Department of Government Efficiency?You might think it would be Elon Musk, the man who President Trump said “will lead the Department of Government Efficiency” alongside Vivek Ramaswamy, before Mr. Ramaswamy stepped away from it last month.But when Mr. Trump set up the cost-cutting body in an executive order on his first day, the order did not say who its “administrator” would be. Section 3(b) of the order reads: “There shall be a USDS Administrator established in the Executive Office of the President who shall report to the White House Chief of Staff,” using the abbreviation for United States DOGE Service, the official name of the effort, which is not actually a cabinet-level department. Last week, White House representatives did not respond to repeated requests to identify that administrator.Then on Monday evening, a White House official stated plainly that “Mr. Musk is not the U.S. DOGE Service Administrator.” The official, Joshua Fisher, made the statement in a declaration to a judge, U.S. District Judge Tanya S. Chutkan, who is hearing a case filed by Democratic attorneys general against Mr. Musk and the DOGE effort.Mr. Fisher added that Mr. Musk was “an employee in the White House Office” and “not an employee of the U.S. DOGE Service.”Mr. Trump often talks about Mr. Musk as the functional leader of the DOGE effort, featuring him in a news conference last week where Mr. Musk answered questions about it.A lot of secrecy has surrounded DOGE despite Mr. Musk’s attempts to position it as “maximally transparent.” The White House’s unwillingness to state who its administrator is only adds to that sense of opacity.DOGE’s predecessor organization, the U.S. Digital Service, had administrators whose roles were public, most recently Mina Hsiang.Leaders of Mr. Musk’s effort who could conceivably be its “administrator” include Steve Davis, Mr. Musk’s right-hand man for two decades, who has overseen the day-to-day work of his efforts in Washington, and Brad Smith, an official in the first Trump administration who has been intimately involved in DOGE’s moves. A White House spokesperson did not respond to another request for comment on Monday evening in response to Mr. Fisher’s declaration.The administrator has several powers, according to the executive order. Those include helping agency heads choose their DOGE team members and starting a “Software Modernization Initiative” to update the government’s technology. A second executive order, released last week, said the DOGE administrator would receive a monthly hiring report from each federal agency and would submit a report in 240 days to Mr. Trump on the order’s implementation.It is not known who that report’s author will be. More