Why DOGE’s legacy is hard to measure

In today’s CEO Daily: Diane Brady takes stock of DOGE’s impact in two top-of-mind areas.

The big leadership story: Nvidia and Supermicro have a longstanding relationship, but after the arrest of Supermicro’s cofounder last month, Nvidia faces a decision of whether to distance itself from the company.

The markets: Largely closed for a holiday weekend, but up today in parts of Asia.

Plus: All the news and watercooler chat from Fortune.

Good morning. The U.S. could be about two weeks away from ending the war with Iran or one day away from unleashing “all hell” on the country, the latter of which President Trump reinforced Sunday in a crude social post. One reason it’s hard to know is that the formerly Elon Musk-led Department of Government Efficiency gutted the 80-person team in the State Department charged with leading international energy diplomacy earlier this year. 

Remember DOGE? It was supposed to last until July 4 this year but effectively disbanded in November, though even that is in dispute. Launched with a goal of cutting $2 trillion in waste, fraud, and abuse—a target later reduced to $150 billion and then $115 billion, with some insiders now saying the net cost savings may be close to negligible—there’s no question that cutting 277,000 federal jobs, or 9% of the total workforce, continues to have an impact. 

Let’s look at two areas that are currently top of mind: taxes and national security. With President Trump proposing the largest budget hike since WWII,  and the national debt topping $39 trillion, what impact has DOGE had there?

Taxes: The Internal Revenue Service (IRS) has lost more than a quarter of the 100,000 workers it had at the start of last year. The Global High Wealth office, which audits billionaires, lost 38% of its staff within weeks of Trump taking........

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