Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Politics

Trump to subject all contracts, grants through rigorous standards with DOGE executive order

by February 27, 2025
February 27, 2025
Trump to subject all contracts, grants through rigorous standards with DOGE executive order

President Donald Trump signed an executive order on Wednesday requiring government payments and travel expenses to be justified and made public where possible.

The requirement is part of Trump’s executive order to implement the cost efficiency initiative for the Department of Government Efficiency (DOGE).

Using modern technology, the order aims to transform spending by putting all federal grants and contracts through rigorous standards to justify their existence. Trump’s order will have federal agencies acting immediately, reviewing all contracts and grants for waste, fraud and abuse.

Travel expenses and government payments are also being analyzed closely, as they must be justified and made public if possible.

The order also tells agencies to treat their credit cards as if they were frozen for 30 days.

‘To the maximum extent permitted by law, all credit cards held by agency employees shall be treated as frozen for 30 days from the date of this order, except for any credit cards held by employees engaged in, or charges related to employees utilizing such credit cards for, disaster relief or natural disaster response benefits or operations or other critical services as determined by the Agency Head, and subject to such additional individualized or categorical exceptions as the Agency Head, in consultation with the agency’s DOGE Team Lead, deems appropriate,’ Trump’s executive order reads.

Working with DOGE, agency heads will review and terminate any contracts deemed unnecessary.

Additionally, the executive order will look at how the government manages property, requiring the General Services Administration to submit a plan for disposing of unnecessary owned or leased properties.

Trump’s order is being implemented to add ‘discipline to a wasteful system.’

‘The existing system fails to safeguard taxpayer dollars or promote merit among contractors and grant recipients,’ White House officials said in a fact sheet, noting that the government spends large sums of money on contracts and grants.

The sheet also notes that in fiscal year 2023, the government committed about $759 billion in contracts.

‘This flood of spending historically had minimal safeguards,’ the fact sheet read. ‘In the Biden Administration, GSA directed its efforts to promoting diversity, equity, and inclusion (DEI) rather than merit and efficiency.’

Since his return to the Oval Office, Trump has set sort of a wildfire on federal government spending, unleashing DOGE, which is led by billionaire Elon Musk.

According to the DOGE website, the total estimated savings as of Tuesday were $65 billion, which is a combination of fraud detection and deletion, contract and lease cancelations, contract and lease renegotiation, asset sales, grant cancelations, workforce reductions, programmatic changes and regulatory savings. The site is updated two times a week.

The DOGE site also has a ‘Wall of Receipts,’ showing a breakdown of how much was saved and where the savings were found.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Dem bid to end Trump energy emergency squashed after forced Senate vote
next post
Red Cross receives bodies of 4 slain hostages during Israel-Hamas exchange

You may also like

Trump touts European ‘strongman’ as close ally during...

September 11, 2024

Treasury ‘mistakenly’ gave Musk DOGE worker ability to...

February 12, 2025

Authentic presidential leadership: Americans know it when they...

September 15, 2024

Trump administration picks’ families have 1 thing in...

November 21, 2024

Biden still believes ‘no one is above the...

December 2, 2024

DNI Gabbard refers intel officials to DOJ for...

April 23, 2025

Balance of power: Five races that could decide...

September 1, 2024

5 biggest FBI scandals during Christopher Wray’s tenure...

December 12, 2024

Iran ramps up state executions amid nuclear talks...

April 22, 2025

Republican senators move to block Somalia funding until...

May 2, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • Trump’s fresh White House portrait sparks interest amid controversy over National Portrait Gallery leadership

      June 3, 2025
    • Trump pushes ‘Big, Beautiful Bill’ as solution to four years of Biden failures: ‘Largest tax cut, EVER’

      June 3, 2025
    • Mexican president hails first judicial election a ‘complete success’ after just 13% turnout

      June 3, 2025
    • Trump administration open to allowing Iran to continue some uranium enrichment: report

      June 3, 2025
    • ‘Squad’ members condemn antisemitic attack in Boulder after years of controversy

      June 2, 2025
    • Schumer, Democrats plot coordinated resistance to Trump’s ‘one ugly bill’

      June 2, 2025

    Categories

    • Business (649)
    • Investing (661)
    • Politics (4,318)
    • World News (2,913)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.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 © 2024 WhaleLargeCapital.com | All Rights Reserved