• 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 regrets handing Dems health ‘ammunition’ with October...

January 2, 2026

Trump claims White House doctors report him in...

January 2, 2026

President Trump is a generational talent just like...

January 2, 2026

JONATHAN TURLEY: Trump’s Kennedy Center name change will...

January 2, 2026

Here are the key 2026 House and Senate...

January 2, 2026

Trump says US will intervene if Iran starts...

January 2, 2026

Inside Trump’s first-year power plays and the court...

January 1, 2026

China’s global aggression check: Taiwan tensions, military posturing...

January 1, 2026

Black Republican calls for total, permanent abolition of...

January 1, 2026

DOJ outlines 10 ‘wins’ under Trump, says agency...

January 1, 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

  • Kevin Hassett ‘very, very confident’ courts will back Trump’s tariffs amid legal setback

    June 1, 2025
  • Top 5 moments from Rubio’s Senate confirmation hearing: ‘I get bilingual protesters’

    January 16, 2025
  • Bondi announces arrest of ‘coward’ who allegedly threatened conservative influencer following Kirk’s murder

    October 10, 2025
  • Oracle stock remains under pressure, but this analyst sees the stock climbing around 100%

    December 16, 2025
  • Federal judge accuses President Biden of attempting to ‘rewrite history’ in Hunter Biden pardon

    December 4, 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

    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 (7,267)
  • Investing (750)
  • Stock (964)

Latest Posts

  • Republicans charge ahead on Trump budget, setting up marathon Senate votes

    April 4, 2025
  • Romania’s now-barred presidential frontrunner Călin Georgescu claims he is facing Trump-like charges

    March 11, 2025
  • Retiring Corvette ‘godfather’ on EVs, spinoff and a performance SUV

    August 6, 2024

Recent Posts

  • Trump nominates pair to help lead DOJ, announces Federal Railroad Administration pick

    December 21, 2024
  • ‘Lives depend on it’: Republicans push for prompt Trump confirmations in wake of New Orleans attack

    January 2, 2025
  • Trump to meet with Netanyahu as he pushes for ceasefire between Israel, Gaza

    July 1, 2025

Editor’s Pick

  • Iran’s new president asserts right to retaliation in rare phone call with major US ally

    August 15, 2024
  • Trump reacts to Trudeau resignation: ‘Many people in Canada LOVE being the 51st State’

    January 6, 2025
  • Chair Jordan demands answers from dozens of major companies tied to shadowy ‘collusive’ ad group

    August 5, 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