The Department of Government Efficiency, the federal cost-cutting initiative championed by Elon Musk, published on Monday a list of government contracts it has canceled, together amounting to about $16 billion in savings itemized on a new “ wall of receipts ” on its website.

US Treasury Secretary Scott Bessent said US taxpayers don’t need to worry about the security of their private data while Elon Musk’s Department of Government Efficiency team seeks to make the federal government more efficient.

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.

The Department of Government Efficiency (DOGE) in a post on its website says it has found $55 billion in savings through a combination of efforts, including a reduction in the federal workforce. It said it estimated it had realized $55 billion in savings by canceling or renegotiating leases and contracts,