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

The president says he is considering giving to the public 20% of the savings from DOGE’s cost-cutting efforts.

President Donald Trump suggested that some savings from his federal cost-cutting effort, overseen by billionaire Elon Musk, could be sent back to US taxpayers, with another portion being used to reduce the national deficit.

While speaking at the FII PRIORITY Summit in Miami Beach, the president touted the prospect of funneling 20 percent of the savings he expects DOGE to achieve over the next few years into stimulus checks to be distributed back to taxpayers.