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JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon isn’t afraid to give his opinion about government inefficiency. He believes the Trump administration’s Department of Government Efficiency is on the right path—cut out wasteful spending, streamline processes, and get things running more efficiently.
While proponents claim DOGE is cutting out wasteful spending, critics claim that it’s wreaking havoc, threatening essential services, and facing major legal hurdles.
Is DOGE Really Cutting Costs or Just Stirring Up Trouble?
According to The Guardian, DOGE has canceled over 1,100 federal contracts, but nearly 40% of those cuts didn’t actually save any money. Some of the contracts had already been paid out or were legally protected, meaning the cancellations didn’t make a difference.
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