Elon Musk (AP Photo/Matt Rourke)AP
Nearly 300,000 government credit cards have been canceled as part of Elon Musk’s mission to cut federal spending by $1 trillion, Newsweek reports.
Musk’s Department of Government Efficiency, a task force created with an executive order signed by President Donald Trump, announced Monday that the “unused and unneeded cards” were deactivated, the report said.
This came after a five-week audit pilot program, the report said. With about 4.6 million active accounts at the start of the audit, there’s “more work to do,” DOGE said on X.
DOGE said in February that credit cards accounted for $40 billion in federal spending during fiscal year 2024.
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