• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

‘Efficient and accountable’: GOP-led DOGE bill aims to slash outflow of federal dollars

by November 21, 2024
written by November 21, 2024

House Republicans are eyeing ways to slash the outpouring of federal dollars after President-elect Donald Trump signaled that cutting government red tape would be a major part of his agenda.

Rep. Stephanie Bice, R-Okla., introduced a new bill on Thursday, titled the ‘Decreasing Overlapping Grants Efficiently (DOGE) Act,’ which would establish a system for cutting down on redundant government grants from across multiple departments.

It comes after Trump announced the creation of an advisory panel called the Department of Government Efficiency, which he tapped Vivek Ramaswamy and Elon Musk to lead.

‘Like Elon Musk and Vivek Ramaswamy, I’m looking at ways to make the government more efficient and accountable,’ Bice told Fox News Digital. ‘The DOGE Act would create a deconfliction and tracking system for federal grants that not only reduces waste but also builds confidence in how public funds are distributed and managed.’

In addition to the tracking system the legislation creates, it also prohibits the government from issuing multiple federal grants to the same applicant for the same or similar purpose.

It would also commission a report on the benefits of using artificial intelligence to more efficiently identify duplicative grant applications.

One of the bill’s co-sponsors is Rep. Aaron Bean, R-Fla., who co-founded the DOGE Caucus in the House earlier this week.

It is another sign of Republicans readying to hold all the levers of power in Washington, D.C., next year, when the GOP will take over the Senate and White House in addition to retaining control of the House.

When announcing the Department of Government Efficiency, Trump said the panel would help his administration ‘slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.’

House Oversight Committee Chairman James Comer, R-Ky., recently announced a new subcommittee for the 119th Congress to correspond with the Department of Government Efficiency.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
RUBY CHEN: Trump NSA pick Mike Waltz can help US crush Hamas
next post
Gaetz withdraws as attorney general nominee

related articles

UN Security Council backs Trump’s Gaza peace plan...

November 18, 2025

Raspy-voiced Trump reveals reason he ‘blew my stack’...

November 17, 2025

Pro-life pregnancy centers see client increase after Supreme...

November 17, 2025

China military reaches ‘war footing’ with new missile...

November 17, 2025

Epstein referenced Trump in private emails to Ghislaine...

November 17, 2025

‘Radical Left’ shutdown message ignites firestorm as Democrats...

November 17, 2025

Cruz keeps 2028 door open as speculation grows...

November 17, 2025

China’s energy siege of Taiwan could cripple US...

November 17, 2025

Majority of Democrats say ‘extremist political rhetoric’ contributed...

November 17, 2025

War Department refocuses on AI, hypersonics and directed...

November 17, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump’s surgeon general pick touted as ‘fierce’ MAHA advocate before confirmation hearing

    May 2, 2025
  • Family matters: How VP Vance, wife deliver ‘normalcy to the kids in a very abnormal situation’

    May 4, 2025
  • Israel eliminates Gaza terrorist who took part in October attack on kibbutz, took Yarden Bibas hostage

    August 19, 2025
  • Massive Russia sanctions package stalls as Trump pushes for Ukraine peace talks

    June 4, 2025
  • Scientists expect major ‘medical breakthroughs’ despite Trump’s cap on NIH research funding

    February 12, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,800)
  • Investing (634)
  • Stock (951)

Latest Posts

  • Trump praises Elon Musk as ‘patriot, a brilliant guy, and a friend of mine’ amid DOGE exit

    April 24, 2025
  • Trump calls for next presidential debate to be held on Fox News

    July 22, 2024
  • Biden announcement makes him first US president to not seek re-election since 1968

    July 21, 2024

Recent Posts

  • Biden sets economy-wide climate target: reducing emissions 66 percent in 2035 from 2005 levels

    December 19, 2024
  • Patriot or ‘Pathetic RINO’? Maverick Republican Thomas Massie trades ‘America First’ label for ‘America only’

    November 8, 2025
  • Marco Rubio refuses to visit South Africa for G-20 summit, accuses government of ‘doing very bad things’

    February 6, 2025

Editor’s Pick

  • Trump begins endorsing replacements to replenish GOP majority in House as Cabinet picks shrink lead

    November 25, 2024
  • Here’s why banks don’t want the CFPB to disappear

    March 10, 2025
  • Vivek Ramaswamy sounds off on potential RFK Jr. role in a Trump administration

    August 23, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock