DOGE’s claimed contract savings of $24.8 billion are ‘overstated,’ Bank of America says

• DOGE's cost-cutting claims aren't adding up. According to Bank of America Securities analysts, the team's reported $24.8 billion in savings is "overstated." DOGE has previously miscalculated contract values, with some numbers inflated by billions.

DOGE's savings from canceled or renegotiated contracts appear to be "overstated," according to a note from Bank of America Securities.

The cost-cutting team claims to have saved around $24.8 billion in contract cancellations and renegotiations as of March 30...