• 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

Trump’s Rx plan promises savings, but economists see...

March 9, 2026

Congress weighs new funding for Trump’s Iran strikes...

March 9, 2026

Private security firm helping Americans evacuate the Middle...

March 9, 2026

US-sanctioned Mojtaba Khamenei named Iran’s next supreme leader...

March 8, 2026

Before-and-after satellite imagery offers a rare look at...

March 8, 2026

Trump warns Iran’s new leader won’t ‘last long’...

March 8, 2026

Cartels fear US retaliation as Trump-era pressure reshapes...

March 8, 2026

Trump vows block on signing new laws until...

March 8, 2026

State Department defends ‘proactive’ evacuation efforts against Dems’...

March 8, 2026

Iran’s last line of resistance holds back —...

March 8, 2026
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

  • Long SNV: Synovus Financial Finds Major Support at $39, Ready for Short-Term Slingshot Move

    August 6, 2024
  • House vote imminent on Trump-backed bill to avoid government shutdown

    December 20, 2024
  • X account racks up dozens of firings for those publicly celebrating Kirk assassination: ‘Fighting back’

    September 16, 2025
  • FBI calls for public tips on children hurt in ‘gender-affirming’ surgeries

    June 3, 2025
  • All eyes on Russia-Ukraine as Trump kicks off fourth week back in Oval Office

    February 17, 2025

Popular Posts

  • 1

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

    April 2, 2025
  • 2

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

    July 21, 2024
  • 3

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

    July 19, 2024
  • 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 (8,337)
  • Investing (1,081)
  • Stock (981)

Latest Posts

  • Michelle Obama skips Trump inauguration as Barack arrives solo

    January 20, 2025
  • Panama denies State Dept claim that it is eliminating fees for US gov vessels using canal

    February 6, 2025
  • AUDUSD and AUDNZD: AUDUSD under pressure at new low

    July 22, 2024

Recent Posts

  • Spanish retailer Mango to open 60 new U.S. stores as it looks to elevate the brand

    November 26, 2024
  • Omaha city councilman mounts bid to succeed outgoing House Republican Rep. Don Bacon

    July 3, 2025
  • New poll shows where Trump stands 10 weeks into his second tour of duty in the White House

    March 31, 2025

Editor’s Pick

  • Trump foe Boasberg to grill DOJ over migrant flights in heated hearing

    July 24, 2025
  • JOE CONCHA: ‘The Greatest Comeback Ever.’ How Trump won the White House all over again

    April 29, 2025
  • IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing

    April 29, 2025
  • 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