• 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

Maduro trapped with few retaliation options after Trump...

December 14, 2025

State Department stays quiet as Albania reinstates deputy...

December 13, 2025

Maduro trapped with few retaliation options after Trump...

December 13, 2025

State Department stays quiet as Albania reinstates deputy...

December 13, 2025

MIKE DAVIS: Why DC’s Trump-hating Judge Boasberg must...

December 13, 2025

Republican House leader signals plan to begin contempt...

December 13, 2025

Cruz says Rep Ilhan Omar could face jail...

December 13, 2025

House GOP unveils healthcare plan ahead of vote...

December 13, 2025

Preservation group sues Trump administration over White House...

December 12, 2025

Bipartisan push grows in Senate to force release...

December 12, 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

  • Israeli official warns ‘everything is on the table’ as IDF prepares response to Iranian missile attack

    October 6, 2024
  • European prime minister resigns after protests over past financial dealings

    July 31, 2025
  • Focus group reacts to Trump, Harris faceoff over Project 2025

    September 11, 2024
  • European stocks gain on auto tariff hopes, but LVMH slump clouds outlook

    April 15, 2025
  • Trump touts ‘progress’ on Ukraine-Russia deal, admits it’s ‘one of the more difficult’ conflicts to solve

    November 26, 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

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

    April 2, 2025
  • 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 (7,063)
  • Investing (694)
  • Stock (963)

Latest Posts

  • Whole milk makes a comeback in new MAHA children’s health strategy

    September 10, 2025
  • Ambitions, hopes, dreams, aspirations, boys playing girls’ sports, and reparations

    October 17, 2024
  • Kamala Harris vetting list of possible running mates with 4 stand-outs: report

    July 25, 2024

Recent Posts

  • ChatGPT for Trading: Tips & Tricks

    August 6, 2024
  • South Korea’s impeached President Yoon Suk Yeol freed from prison after canceled arrest

    March 8, 2025
  • Asian stocks dip ahead of US jobs data: Nikkei extends decline to 3rd day

    January 10, 2025

Editor’s Pick

  • Trump renews attacks on Biden autopen pardons, claims he ‘never gave the orders’

    September 18, 2025
  • Brazilian market rallies: Ibovespa surges on early 2025 economic data

    January 6, 2025
  • EURAUD and EURNZD: EURAUD is coming off the weekly high

    September 6, 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