The Department of Government Efficiency (DOGE) announced Friday that it recovered nearly $2 billion in funds “misplaced” by the Biden administration.
This giant trove belonged to the Housing and Urban Development (HUD) department and in fact, was discovered a day after Turner had launched a DOGE task force at his agency.
READ ALSO: Elon Musk’s Tesla lands $400M Cybertruck deal under Donald Trump’s administration
“$1.9 billion of HUD money was just recovered after being misplaced during the Biden administration due to a broken process,” DOGE posted on X.
“These funds were earmarked for the administration of financial services, but were no longer needed.”
READ ALSO: “I love Donald Trump as much as a straight man can love another man” – Elon Musk says
The cost-cutting group, led by Elon Musk, said it “worked together” with Turner “to fix the issue and de-obligated the funds which are now available for other use by the Treasury.”
“It is astounding how much taxpayer money can be saved with even a small amount of effort,” Musk wrote on X, sharing the solicitation contracts related to the money found by DOGE.
The contracts were allocated to Carrington Mortgage Services and Selene Finance in August 2019 and would have resulted in payouts of $751,221,224.87 and $836,689.235.84 to each of the companies.
Turner, a former NFL-cornerback-turned-Dallas housing developer, was confirmed by the Senate last week to lead HUD.
READ ALSO: Elon Musk declares South African Politician, Julius Malema as an International criminal
“We will be very detailed and deliberate about every dollar spent in serving tribal, rural and urban communities across America,” he said Thursday.
“With President Trump’s leadership, business as usual – the status quo – is no longer the posture that we will take,” Turner added. “And with the help of DOGE, we will identify and eliminate all waste, fraud and abuse. “
READ ALSO: Jay-Z Rocked $3.5 Million Richard Mille at Super Bowl LIX
Turner noted that HUD had already identified “$260 million in savings” before the $1.9 billion discovery.
