• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Dem accuses Trump admin of ‘fire sale approach’ as GOP aims to lower federal gov’s real estate portfolio

by April 8, 2025
written by April 8, 2025

A Democrat on the House Oversight Committee accused the Trump administration of offloading federal real estate in a haphazard ‘fire sale’ as Republicans aim to cut wasteful government spending by selling unused or underutilized government buildings. 

Rep. Melanie Stansbury, D-N.M., the ranking Democrat on the Department of Government Efficiency (DOGE) subcommittee, took issue with the Trump administration’s approach during a hearing on Tuesday on reducing the federal real estate portfolio.

‘The Trump administration is currently taking a fire sale approach of looting the federal government and stripping it for parts to pay for tax cuts that we know will come up in their reconciliation deal,’ the lawmaker said.

DOGE is working with the federal government’s General Services Administration (GSA) to ‘rightsize’ its portfolio and cut wasteful spending. GSA has produced the most savings across federal agencies, according to the official DOGE website.

The GSA’s cost-cutting efforts have already resulted in nearly 700 lease terminations, eliminating 7.9 million square feet of federal office space and saving taxpayers approximately $400 million, according to subcommittee chair Rep. Marjorie Taylor Greene, R-Ga.

John Hart, CEO of Open the Books, testified that $1 billion could be saved on furniture alone by not renewing leases on government buildings that are set to expire in 2027.

David Marroni, director of physical infrastructure at the U.S. Government Accountability Office, testified that no government agency ‘had a great track record in terms of the utilization’ of their physical headquarters’ footprints.

Marroni said there could be substantial savings in reducing government workspaces.

‘It’s about $8 billion a year on owned and leased office space, so any reduction is going to generate a lot of money,’ he said.

Democrats at the hearing lobbed criticism at President Donald Trump and billionaire Elon Musk, who is leading the DOGE effort, with Stansbury accusing DOGE of being ‘a front’ to support billionaires ‘who are trying to privatize public services.’ 

‘And just this week, we have seen, as Elon Musk is on his exit out of the federal government, he has secured billions of dollars in new contracts across the federal government. Conflict of interest? Yes, absolutely,’ Stansbury said.

The congresswoman claimed that Musk has secured contracts and promises for contracts at the Department of Defense and NASA, and is asking to install SpaceX’s Starlink Wi-Fi at federal agencies. Starlink, which is a subsidiary of Musk-owned SpaceX, was reportedly installed at the White House last month.

‘And we understand that there is the potential to potentially deploy his AI technology across the federal agencies to replace the tens of thousands of federal employees that have recently been illegally fired,’ Stansbury claimed.

As of Tuesday, DOGE claims on its site that it has saved Americans $140 billion, or about $870 per taxpayer.

Fox News Digital’s Andrew Mark Miller and Deirdre Heavey contributed to this report.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Elbridge Colby confirmed to top Pentagon policy post after hesitation from GOP hawks
next post
Mike Huckabee nomination advances in Senate, one step closer to becoming ambassador to Israel

related articles

Essential workers left unpaid after Senate Democrats kill...

October 23, 2025

Democrats under fire as food stamp funds run...

October 23, 2025

Curtis Sliwa vows to be Zohran Mamdani’s ‘worst...

October 23, 2025

Vance visits church where Christians believe Jesus was...

October 23, 2025

New poll in key showdown for Virginia governor...

October 23, 2025

Americans could face airport chaos if Dems don’t...

October 23, 2025

Inside Trump’s ultimatum that forced Netanyahu to the...

October 23, 2025

Vance rebukes Israel on ‘very stupid’ vote to...

October 23, 2025

Top Republican slams Katherine Clark for admitting suffering...

October 23, 2025

Vance calls Psaki comments about wife Usha ‘disgraceful’

October 23, 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

  • Russia, China practice destroying ‘enemy’ submarine in naval drill after Trump moves US nuclear assets

    August 6, 2025
  • Trump asks SCOTUS to uphold freeze on billions in USAID payments

    August 27, 2025
  • Schumer calls on FBI to conduct counterintelligence threat assessment on Epstein files

    July 30, 2025
  • Kamala Harris underperformed Biden’s numbers with women. South Dakota’s governor thinks she knows why.

    November 7, 2024
  • Trump’s tariff strategy could pay for his tax bill, but only if they stick, experts warn

    June 6, 2025

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

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,509)
  • Investing (634)
  • Stock (941)

Latest Posts

  • Mortgage refinance demand jumps to a 2-year high, as interest rates drop

    July 17, 2024
  • Trump wants ‘activist’ groups that sue the government to put up money if they lose

    March 6, 2025
  • Jimmy Carter’s funeral will bring all five living presidents together in Washington, D.C.

    January 9, 2025

Recent Posts

  • EXCLUSIVE: Nancy Mace targeted by Pennsylvania man arrested for threatening Trump

    April 14, 2025
  • Possible work stoppage at Canada’s two largest railroads could disrupt U.S. supply chain

    August 19, 2024
  • Trump team ‘confident’ Senate Republicans will approve cabinet selections

    November 21, 2024

Editor’s Pick

  • Amazon is responsible for dangerous products sold on its site, federal agency rules

    July 31, 2024
  • With friends like these pushing to dismantle Trump’s Middle East peace deal, who needs enemies?

    September 7, 2025
  • Southwest Airlines will charge to check bags for the first time, launch basic economy tickets

    March 11, 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