• 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

53 Dems vote against declaring Iran a state...

March 6, 2026

Kristi Noem’s ouster sparks rare bipartisan agreement on...

March 6, 2026

Iranian vessel suffers engine failure, offloads crew days...

March 6, 2026

‘It was time’: Despite rare criticism, some Hill...

March 6, 2026

‘Nice upgrade’: Fetterman says Mullin has the votes...

March 6, 2026

Israel pounds Hezbollah targets, daring Lebanon to reclaim...

March 6, 2026

Rep Tony Gonzales announces he will not seek...

March 6, 2026

Rep. Tony Gonzales announces he will not seek...

March 6, 2026

DOJ continues Biden autopen probe despite former president...

March 6, 2026

US restores diplomatic relations with Venezuela amid push...

March 6, 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

  • USDCHF and USDJPY: USDCHF continues to fall on Monday

    August 26, 2024
  • GOP senator predicts ‘tremendous pressure’ to change law as Trump bill’s Medicaid cuts loom

    September 15, 2025
  • Johnson says Republicans ‘don’t have time’ to craft new Trump plan despite Musk’s call to ‘KILL the BILL’

    June 4, 2025
  • TD Bank pleads guilty in money laundering case, will pay $3 billion in penalties

    October 10, 2024
  • Gold and Silver: Gold continues to pull back today

    September 4, 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 (8,298)
  • Investing (1,049)
  • Stock (981)

Latest Posts

  • Pete Hegseth says he had ‘substantive conversation’ with Joni Ernst as Trump signals support

    December 7, 2024
  • Amazon same-day prescription delivery expanding to nearly half of U.S. in 2025

    October 9, 2024
  • Grassley releases new details of Iran-backed assassination plots against Trump, Biden and others

    September 5, 2024

Recent Posts

  • Biden-Harris admin warns Israel over Gaza humanitarian aid, leaked letter reveals

    October 15, 2024
  • Gold and Silver: Gold is starting a new recovery from 2370$

    July 26, 2024
  • Trump transfers all his DJT shares to his revocable trust, SEC filings show

    December 20, 2024

Editor’s Pick

  • Walz’s family relied on Social Security when his father died. Many don’t know kids are eligible for benefits.

    August 23, 2024
  • ‘Access granted’: Biden’s free vacation at friend’s California mansion draws ire of critics

    August 23, 2024
  • Amazon hikes wages for contract delivery drivers as union pressures grow

    September 13, 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