• 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

Jack Smith to testify next week at a...

January 13, 2026

Jeffries says DHS Secretary Noem ‘should be run...

January 13, 2026

Trump turns to Musk amid Iran blackout, rekindling...

January 12, 2026

In 2026, energy war’s new front is AI,...

January 12, 2026

Trump declares himself Venezuela’s ‘acting president’ in online...

January 12, 2026

Iran’s Khamenei issues direct warning to United States...

January 12, 2026

Trump’s Greenland push escalates as GOP lawmaker moves...

January 12, 2026

US hostages in Iran face heightened risk as...

January 12, 2026

GOP eyes Venezuela’s untapped oil wealth as Democrats...

January 12, 2026

Republican senator vows to block Trump Fed nominee...

January 12, 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 blocks South Africa from 2026 G20 summit for alleged ‘horrific human rights abuses’

    November 26, 2025
  • Max inclusivity: Harris campaign is letting new hires ID themselves with custom pronouns

    August 14, 2024
  • Trump admin ‘obliterated’ Iranian nuclear facilities with slimmed down NSC team, Rubio juggling multiple jobs

    June 24, 2025
  • Government workers dismayed by Trump’s return-to-office mandate

    January 27, 2025
  • Dems not budging on government shutdown demands ahead of high-stakes Trump meeting, Jeffries suggests

    September 29, 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 (7,422)
  • Investing (814)
  • Stock (965)

Latest Posts

  • Appeals court blocks Trump from firing FTC commissioner in case testing president’s removal powers

    September 2, 2025
  • Bitcoin’s Breakthrough at Davos: Crypto’s Future in Finance

    January 24, 2025
  • Iran becoming ‘much more aggressive’ in nuclear talks, Trump tells Fox News

    June 10, 2025

Recent Posts

  • Majority say Biden will be remembered poorly as president says farewell to the nation: poll

    January 15, 2025
  • Japanese eateries hike prices as tourist influx reaches record levels

    July 30, 2024
  • President-elect Trump’s Syria dilemma: Intervene or let it turn into terror state

    December 23, 2024

Editor’s Pick

  • Shopify stock soars 22% on earnings beat despite consumer spending slowdown: Time to buy?

    August 7, 2024
  • How Trump, AG Bondi can persuade Democrats to abandon lawfare

    January 30, 2025
  • Nicki Minaj teams up with Trump’s UN ambassador to spotlight ‘genocide’ of Christians in Nigeria

    November 19, 2025
  • 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