US Debt Grows $6.5B Daily Despite DOGE Efficiency Cuts
Since the Department of Government Efficiency (DOGE) was formed, US debt has risen by $2.1 trillion in 326 days—an average of $6.5 billion per day. DOGE set out to curb wasteful spending by $1–2 trillion, but it realised only $160–214 billion in savings through cuts to discretionary budgets, including contracts, grants and leases. Mandatory programmes—Social Security, Medicare and Medicaid—and increasing interest payments now absorb over half of the federal budget, diluting the impact of these cuts. With the 2025 budget forecast to exceed $7 trillion and President Trump shutting down DOGE, experts warn that debt control must target entitlement reforms and rising debt-servicing costs.
Neutral
This news focuses on macro fiscal policy and federal debt trends rather than cryptocurrency markets or digital asset regulations. While persistent US debt growth and rising interest payments can influence broader market sentiment, the direct impact on crypto trading and valuation is limited. Historical debt-ceiling debates and budget cuts have had muted effects on crypto prices compared to factors like monetary policy shifts, regulatory developments and on-chain activity. In both the short and long term, traders are more likely to respond to central bank rate decisions or major regulatory news than a department’s efficiency cuts, making this update neutral for crypto market outlook.