President Donald Trump on Wednesday said his administration is considering returning 20% of savings identified by Elon Musk’s Department of Government Efficiency (DOGE) initiative to Americans, echoing a proposal made on social media site X.

Speaking at a meeting of global financiers and tech executives in Miami hosted by Saudi Arabia’s sovereign wealth fund, Trump said he is also considering using another 20% of the savings to pay down the federal government’s debt.

“There’s even under consideration a new concept, where we give 20% of the DOGE savings to American citizens, and 20% goes to paying down debt,” Trump said.

The proposal originally came from businessman James Fishback, who on Tuesday posted a four-page memo on X suggesting a “DOGE dividend.” The post caught the attention of Musk, who responded: “Will check with the President.”

Fishback, the CEO of Azoria Partners investment firm, is now in touch with the Trump administration over his proposal, Reuters reports. Read More Here

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