• 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

White House provides Trump health update after MRI...

November 12, 2025

JD Vance hails Trump admin’s ‘bulldozer’ approach to...

November 12, 2025

RNC gets day at Supreme Court to challenge...

November 12, 2025

Rick Scott calls Democrats ‘heartless’ as he pitches...

November 12, 2025

DAVID MARCUS: The 3 issues driving far-left’s split...

November 12, 2025

Michelle Obama reveals ‘infuriating’ moment on Air Force...

November 12, 2025

Longest government shutdown in history nears likely end...

November 12, 2025

Trump makes formal request to Israeli president to...

November 12, 2025

Scalise reveals post-shutdown GOP battle plan as House...

November 12, 2025

Reagan-appointed judge resigns in protest of Trump, warns...

November 12, 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

  • Rep. Marjorie Taylor Greene to vote for Johnson after seeking to oust him from speakership last year

    January 3, 2025
  • Digital health companies got pummeled by Wall Street in 2024 as industry adapts to post-Covid slowdown

    December 25, 2024
  • Trump says 80% tariff on China ‘seems right’ ahead of weekend talks with Beijing

    May 9, 2025
  • Bill Gates discovers the way to fight climate battle actually involves helping humans

    November 6, 2025
  • American Express CFO says spending picked up at year-end, thanks to millennials and Gen Z

    January 25, 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

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

    April 2, 2025

Categories

  • Economy (829)
  • Editor's Pick (6,752)
  • Investing (634)
  • Stock (949)

Latest Posts

  • Key Trump voting bloc has concerns with MAHA report, as Trump officials give assurances

    May 26, 2025
  • Inside the FAA’s race to train air traffic controllers: ‘It’s going to take time’

    July 14, 2025
  • DAVID MARCUS: Trump’s Canada tariffs take toll on would-be Conservative Prime Minister Pierre Poilievre

    March 10, 2025

Recent Posts

  • EXCLUSIVE: Bondi transfers former death row inmates commuted by Biden to ‘supermax’ prison

    September 25, 2025
  • House GOP lawmaker rejects committee assignments to dedicate time to DOGE

    December 17, 2024
  • Federal judge rules against Trump order halting sex change procedures in prisons

    June 3, 2025

Editor’s Pick

  • Gold and Silver: Gold remains high in the all-time high zone

    August 14, 2024
  • Willow Bay, Bob Iger to take controlling stake in NWSL’s Angel City FC at a $250 million valuation

    July 17, 2024
  • Dick’s Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl

    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