The Department of Government Efficiency has saved the government approximately $50 billion, Treasury Secretary Scott Bessent said. Bessent sat down with Fox News for an extended interview that aired on Tuesday evening,

Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve.

The month-old Department of Government Efficiency led by billionaire Elon Musk has saved American taxpayers $55 billion, according to the latest update from the group. Its ‘Wall of Receipts’ on its new website catalogues where the department has made cuts and how much those cuts are worth.