• 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

FTC firings take spotlight in Trump’s fight to...

July 26, 2025

DAVID MARCUS: Zany Zohran endorsement is existential choice...

July 26, 2025

DNI Tulsi Gabbard declassified Trump-Russia docs: Here’s what...

July 26, 2025

Trump signs rescissions package, closes out week with...

July 26, 2025

CHARLIE KIRK: Republicans must seize Gen Z moment...

July 26, 2025

Europeans meet with Iranian officials face-to-face for first...

July 26, 2025

Trump’s executive order on birthright citizenship blocked by...

July 26, 2025

Michelle Obama portraitist’s exhibit with trans Statue of...

July 25, 2025

House Freedom Caucus conservative to enter race for...

July 25, 2025

Pelosi confident about Dems’ chances to win House,...

July 25, 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

  • Forex Sheet Essentials: Your Guide to Smarter Trading

    July 11, 2024
  • The Evolution of Forex Trading: From Barter to Blockchain

    October 8, 2024
  • Top 5 moments from Rubio’s Senate confirmation hearing: ‘I get bilingual protesters’

    January 16, 2025
  • Trump says Thune ‘will do an outstanding job’ as Senate majority leader

    November 14, 2024
  • Biden, Harris to meet with US hostage deal negotiating team as major protests erupt in Israel

    September 2, 2024

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

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

    December 4, 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

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,526)
  • Investing (634)
  • Stock (858)

Latest Posts

  • Why ‘wardrobing’ retail fraud soars in the summer

    August 8, 2024
  • Crypto market update: Bitcoin, Ethereum, Solana, XRP rise ahead of Trump’s crypto summit

    March 6, 2025
  • Trump ‘doesn’t need permission’ from Congress to strike Iran, expert says

    June 20, 2025

Recent Posts

  • Trump picks former congressman Pete Hoekstra to be ambassador to Canada

    November 21, 2024
  • Ethereum is struggling with support this week

    August 21, 2024
  • White House OPM orders all DEI offices to begin closing by end of day Wednesday

    January 22, 2025

Editor’s Pick

  • Dems’ hearing meltdowns a play to the base, analysts say, as Trump noms keep pushing back in viral moments

    May 18, 2025
  • EUR/USD & EUR/GBP: Key Support Levels Under Pressure

    November 15, 2024
  • Stellantis laying off 2,450 plant workers due to discontinuation of Ram ‘Classic’ pickup truck

    August 10, 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