However, the DOGE payments encountered a potential setback, as recent fiscal reports indicate that Musk's department's anticipated savings have not materialized.
The Congressional Budget Office (CBO) reported a 5 percent increase in the federal deficit for February, driven by a 7 percent rise in spending compared to the same period last year.
The DOGE stimulus initiative proposes directing 20 percent of the department's savings to taxpayers and another 20 percent to reduce the national debt. It estimates DOGE could save $2 trillion in 18 months, allowing $400 billion to be distributed to about 79 million taxpayers, providing $5,000 checks each.
The latest CBO data casts doubt on the feasibility of these savings. The federal government borrowed $1.1 trillion in the first five months of Fiscal Year 2025, including $308 billion in February alone.
This borrowing trend raises questions about the effectiveness of DOGE's cost-cutting measures and the likelihood of achieving the projected savings needed to fund the stimulus checks.
Even with the potential savings of recent cuts, stimulus checks are an incredibly expensive endeavor for a government already deeply in debt and facing no pandemic-level emergency to undertake.