Bull Hedging
  • Politics
  • Stocks
  • Business
  • Investing
  • Politics
  • Stocks
  • Business
  • Investing

Bull Hedging

Politics

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

by admin 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

previous post
Chief Justice John Roberts pauses judge’s order for Trump admin to pay foreign aid contractors by midnight
next post
Tulsi Gabbard gives exclusive glimpse of Trump’s first Cabinet meeting

Related Posts

WATCH: Rubio on Dems saying they regret voting...

May 22, 2025

Injunction lifted on Trump executive orders slashing federal...

March 15, 2025

Trump says ‘something’s going to happen very soon’...

March 8, 2025

Here’s what happened during Trump’s 14th week in...

April 27, 2025

Pete Marocco, mastermind behind dismantling of USAID projects,...

April 15, 2025

Trump remains committed to US owning Gaza, says...

February 10, 2025

Senate unanimously approves $25,000 tax break for tipped...

May 21, 2025

President Trump bids ‘HAPPY EASTER!’ as Christian holiday...

April 14, 2025

EXCLUSIVE: Nancy Mace targeted by Pennsylvania man arrested...

April 15, 2025

Appeals court rules DOGE can continue operating at...

March 29, 2025

Recent Posts

  • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now
  • Hedge Market Volatility with These Dividend Aristocrats & Sector Leaders
  • How I Find Up-trending Stocks Every Week (Step-by-Step Scan Tutorial)
  • S&P 500 Bullish Patterns: Are Higher Highs Ahead?
  • White House stands by tax bill after Musk calls it a ‘disgusting abomination’

Recent Comments

No comments to show.

About Us

About Us

Design Magazine

Welcome to Design Magazine. Follow us for daily & updated design tips, guide and knowledge.

Stay Connect

Facebook Twitter Instagram Pinterest Youtube Email

Recent Posts

  • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

    June 4, 2025
  • Hedge Market Volatility with These Dividend Aristocrats & Sector Leaders

    June 4, 2025
  • How I Find Up-trending Stocks Every Week (Step-by-Step Scan Tutorial)

    June 4, 2025
  • S&P 500 Bullish Patterns: Are Higher Highs Ahead?

    June 4, 2025
  • White House stands by tax bill after Musk calls it a ‘disgusting abomination’

    June 4, 2025
  • South Korea flips left in presidential race; Lee secures victory after conservative opponent concedes

    June 4, 2025

Editors’ Picks

  • 1

    Small Caps are Set to Skyrocket in 2025—Here’s What You Need to Know

    December 12, 2024
  • 2

    Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • 3

    Uranium Price Forecast: Top Trends That Will Affect Uranium in 2025

    December 19, 2024
  • 4

    Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 31, 2024
  • 5

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 6

    Trudeau declares himself ‘proud feminist’ after lamenting Harris loss to Trump as setback for women

    December 13, 2024
  • 7

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
Promotion Image

banner

Categories

  • Business (385)
  • Investing (1,263)
  • Politics (1,567)
  • Stocks (519)
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Disclaimer: bullhedging.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 bullhedging.com | All Rights Reserved