In what could be a huge set back for may IT companies the the Trump administration has ordered the termination of services contracts which is valued at $5.1 billion. The companies which will face major loses will be Accenture and Deloitte. US Defence Secretary Pete Hegseth who ordered the termination of the services said that the pacts represent non-essential spending on third party consultants for services Pentagon employees can perform. These terminations represent $5.1 billion in wasteful spending... and nearly $4 billion in estimated savings he added. Meanwhile billionaire Elon Musk said at a White House cabinet meeting on Thursday that he expects $150 billion in savings in FY2026 from the work done by the Department of Government Efficiency (DOGE). He had earlier said that DOGE could find $1 trillion in savings. “Elon’s done a fantastic job. He is sitting here. I don’t care I don’t need Elon for anything other than I happened to like him. I am telling you this guy did a fantastic job. I don’t need his car I actually bought one. They said ‘did you get a bargain’ and I said ‘no give me the top price’. I paid a lot of money for that car but honestly he makes a great car. You know what I do with it? I let people in the office drive it around” he said. Musk is also said to have made “personal appeals” to Trump against the tariffs imposed by the administration on the nation’s trading partners. According to a report in the Washington Post Musk’s “attempted intervention” has not yielded success so far.