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Home»US News

Doge says the $312 million loan given to an 11-year-old child amid more contract terminations

Artificial IntelligenceBy Artificial IntelligenceMarch 9, 2025 US News No Comments4 Mins Read
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Trump clarifies the role of men in Doge among cabinet members

Former White House Chief Information Officer Teresa Payton reportedly seeking to sell sensitive military information to China, President Donald Trump’s evolutionary dynamics with cabinet members.

The government’s Department of Efficiency (DOGE) announced a further wave of contract termination late Saturday, and also identified thousands of lawsuits in which more than $300 million in loans were granted to children.

Announcements come as Elon Musk-led agencies continue to eradicate federal waste, fraud and corruption.

Doge said the Small Business Administration (SBA) has identified that it has granted a loan of nearly $312 million to borrowers who were only listed at the time of the loan, under the age of 11. The loans were issued in 2020 and 2021, but the world was struggling with the Covid-19 pandemic, but it is unclear what they are being used for.

“It’s possible to have a business arrangement if this is legal, but these are all using SSNs with the wrong name, so it’s rare for these 5,593 loans,” the agency writes.

“@doge and @sbagov are working together to resolve this issue this week,” they added.

The Department of Government Efficiency (DOGE) said it has identified thousands of lawsuits in which loans worth $312 million have been issued to children under the age of 11. (Getty Images)

DoD tells the private workforce to ignore Elon Musk’s demands to report productivity

When it made the announcement, Doge shared X’s posts from Tuesday. It also revealed that in 2020 and 2021, the SBA issued $3,095 loans to borrowers over the age of 115 for $3,095.

The borrower was marked as still alive in the Social Security database. In one case, the 157-year-old individual received $36,000 on loan, the agency said. The loans included PPP (Payment Protection Program) and EIDL (Economic Injury Disaster Loan) loans.

In President Donald Trump’s speech to Congress on Tuesday, he defeated a case in which millions of people over the age of 100 were listed in the Social Security database.

“I know someone who is more of an elderly person, but not particularly senior,” Trump said. “3.9 million people aged 120 to 129 to 130 to 139. 3.5 million people aged 140 to 149.

President Donald Trump and Elon Musk will sit down for an exclusive interview with “Hornity.” Masks is directing doge’s efforts to reduce wasteful spending. (Fox News)

Mask tells the cabinet that Doge’s email is a “pulse check” for workers and warns them that they will “go bankrupt” without acting

Doge also said it had cancelled one USDA Contracts Office worth $10.3 million, but it was launched “ironically” to “identify unnecessary contracts.”

The cost-saving agency said the termination was one of 162 non-essential contracts that have been cancelled with a total ceiling value of $205 million and a savings of $90 million. The agency did not designate which area of ​​the federal government where the remaining contracts were terminated.

In President Donald Trump’s speech to Congress on Tuesday, he said millions and 100 people were listed in the Social Security database. (AP Photo/Ben Cartis)

Click here to get the Fox News app

Meanwhile, Musk met with a small group of House Republicans Wednesday evening to discuss their quest to find up to $1 trillion in government waste.

“The executive dozi team is confident and thinks they can get $1 trillion,” one lawmaker, familiar with the conference, told Fox News Digital.

“Now we’re, right? And he’s admitted we’re making mistakes, but we’re going to fix them very quickly.”

Elizabeth Elkind of Fox News contributed to this report.

Michael Dorgan is a writer for Fox News Digital and Fox Business.

You can submit tips to Michael.dorgan@fox.com and follow him on Twitter @M_Dorgan.

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