Government Efficiency: Canceling Contracts on the Fast Track

The U.S. government, with input from the Department of Government Efficiency (DOGE), has canceled or halted contracts totaling $420 million and terminated two leases, prioritizing diversity-related contracts and vacant buildings. The panel is led by Tesla CEO Elon Musk.

In a decisive move, the U.S. government has scrapped or put on hold contracts worth $420 million, according to a White House advisory group report released on Friday. The initiative, which also saw the termination of two leases, is focusing sharply on diversity-related contracts and buildings that stand unused.

The Department of Government Efficiency, colloquially known as 'DOGE,' spearheads the effort, though it's uncertain whether DOGE alone executed these decisions. Elon Musk, the CEO of Tesla, helms the panel, which adds another layer of intrigue to the developments.

It's yet to be clarified if another government entity played a part in the contract and lease cancellations, underscoring the complexity and potential reach of this new governmental regime's agenda.

(With inputs from agencies.)