• 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

DHS shutdown drags into week two as Iran...

February 23, 2026

Iran could ‘activate’ Hezbollah if US targets regime,...

February 23, 2026

AOC blames critics, Trump after Munich hiccup backlash

February 22, 2026

President Trump tells Netflix to fire Susan Rice...

February 22, 2026

TSA says PreCheck not suspended as partial government...

February 22, 2026

Why keeping lawmakers in DC during shutdown may...

February 22, 2026

Turkey’s growing reach in Africa seen complicating US...

February 22, 2026

WATCH: Top 5 most memorable moments in American...

February 22, 2026

DHS suspends TSA PreCheck, Global Entry as partial...

February 22, 2026

Why a credit freeze isn’t the end of...

February 21, 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

  • Trump caps week with bold military moves from Pentagon name change to cartel crackdown

    September 6, 2025
  • Netanyahu publicly backs Israel-Hezbollah cease-fire plan

    November 26, 2024
  • National Grid Share Price: Share Forecast & Price Target

    August 13, 2024
  • Mike Johnson kicks off swing-state tour as GOP clings to House control

    October 17, 2024
  • Long MQ: Marqeta Inc. Q3 Earnings, 30% TPV Growth, New BNPL Product, and Strong Rebound from Key Support at $3.50 Signal Long Opportunity

    November 7, 2024

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 (8,032)
  • Investing (1,029)
  • Stock (979)

Latest Posts

  • Lindsey Graham calls for US to use ‘any means necessary’ to stop the people behind the killing of Iranians

    January 15, 2026
  • Russell 2000 Futures Rapidly Draw to July’s Peak

    July 15, 2024
  • Trump remains committed to US owning Gaza, says Middle East states could help rebuild war-torn area

    February 10, 2025

Recent Posts

  • Biden undergoes radiation therapy for cancer, spokesperson says

    October 11, 2025
  • White House explains bruise on Trump’s hand

    January 22, 2026
  • Zelenskyy not invited to upcoming Trump, Putin talks — White House says this was the reason

    August 12, 2025

Editor’s Pick

  • Panera Brands CEO steps down; CFO to fill in as interim chief

    January 8, 2025
  • ‘Greatest warriors’: Hegseth rails against ‘misconstrued’ narrative that he’s against women in military

    December 10, 2024
  • Kirby slams Hamas chief Sinwar as ‘the major obstacle’ to cease-fire, hostage release deal with Israel

    September 22, 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