• 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

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

‘Loud bang,’ damage reported at US Embassy in...

March 8, 2026

King Charles to address ‘increasing pressures of conflict’...

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

  • Vance, Harris, Obama issue tributes to Rev Jesse Jackson

    February 18, 2026
  • Harris entertains Supreme Court-packing question during town hall, supports ‘some kind of reform’

    October 24, 2024
  • With 10 days until voting starts, ‘election season’ kicks off sooner than you think

    August 27, 2024
  • Iran foreign minister vows nuclear enrichment will continue ‘with or without a deal’

    May 19, 2025
  • Pro-life pregnancy centers see client increase after Supreme Court decision: study

    November 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 (8,335)
  • Investing (1,069)
  • Stock (981)

Latest Posts

  • Why Southwest emerged as the top US airline stock in 2025?

    December 28, 2025
  • Trump gets 417 nominees confirmed by Senate in 2025, surpasses Biden’s first-year total in record pace

    December 19, 2025
  • ‘New Golden Age’: Republican lawmakers ecstatic as Trump takes office with slate of new orders

    January 20, 2025

Recent Posts

  • Harris says Biden is currently capable of serving as president amid growing concerns over his fitness

    July 23, 2024
  • Kamala Harris underperformed Biden’s numbers with women. South Dakota’s governor thinks she knows why

    November 7, 2024
  • Dem rep says she was ‘angry at first’ after Biden dropped out: ‘We had been told’ he was staying in

    July 24, 2024

Editor’s Pick

  • Kennedy and Milei double down on WHO exit after meeting in Buenos Aires: ‘Free from totalitarian control’

    May 27, 2025
  • Gold and Silver: Gold at a new all-time high on Friday

    August 19, 2024
  • Long US30: primed for Rebound, strong support at 38,550 and positive labor data fuel optimism

    August 8, 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