• 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

FBI nabs Florida man with alleged plan to...

November 26, 2025

Republicans try to quash concerns of more exits...

November 25, 2025

Trump jokes that Biden turkey pardon in 2024...

November 25, 2025

‘Full-blown battle’ brewing in Dem party as Mamdani-style...

November 25, 2025

CCP-linked firms quietly hold stakes in US solar...

November 25, 2025

Trump pushes peace in Europe, pressure in the...

November 25, 2025

Biden-era regulation on the chopping block as Trump-aligned...

November 25, 2025

FBI scheduling interviews with 6 lawmakers who encouraged...

November 25, 2025

Comey expects further legal scrutiny from Trump admin,...

November 25, 2025

Dems move to set limits on Trump’s donor-funded...

November 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

  • Trump admin guts AmeriCorps, Clinton-era volunteer agency that failed 8 consecutive audits

    April 17, 2025
  • American citizen killed in Russian attack on Kyiv, State Department confirms

    June 17, 2025
  • 2024 showdown: What happens next in the Kamala Harris-Donald Trump face-off

    August 24, 2024
  • Whitmer explains her Oval Office folder fiasco

    April 14, 2025
  • DEROY MURDOCK: I was at the Trump Madison Square Garden rally. MSNBC’s take is absolutely nuts

    October 30, 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

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 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 (6,897)
  • Investing (634)
  • Stock (956)

Latest Posts

  • Battleground Dem warns traditional voting bloc being ‘split’ in 2024

    October 10, 2024
  • JPMorgan cuts Netflix rating, citing balanced risk-reward post-rally; stock falls

    May 19, 2025
  • LVMH Stock: Performance, Key Brands, and Future Prospects

    August 6, 2024

Recent Posts

  • Mike Johnson re-elected House speaker as GOP mutiny threat dissolves

    January 3, 2025
  • ‘Goofballs’ and hostages: GOP senators say Schumer’s shutdown tactics destroying the Senate

    October 20, 2025
  • House GOP elections chair reveals which voter blocs Republicans are targeting ahead of 2026

    February 2, 2025

Editor’s Pick

  • How the Democratic Party’s war on populism led to its self-destruction

    July 14, 2024
  • State Dept says DOGE’s changes will be permanent amid Musk’s departure

    May 30, 2025
  • Biden speaks out for first time since cancer diagnosis

    May 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