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
Red Cross receives bodies of 4 slain hostages during Israel-Hamas exchange
next post
FLASHBACK: Biden also changed White House press pool, cutting off more than 440 reporters’ credentials

Related Posts

‘Colonies problem’: Delegate’s mic cut after outcry during...

January 4, 2025

‘UN80 Initiative’ appears to show world body’s panic...

March 13, 2025

Ukraine ambassador’s reaction to fiery Trump-Zelenskyy Oval Office...

March 1, 2025

‘All-in’: GOP lawmakers divided on US involvement as...

June 14, 2025

Hamas says it will hand over another hostage...

October 28, 2025

House advances bill to end government shutdown with...

November 13, 2025

Mike Johnson shoots down Obamacare vote guarantee after...

November 7, 2025

3 political winners for 2024

December 29, 2024

Bernie Sanders compares Trump, Musk and other ‘oligarchs’...

April 15, 2025

‘Just evil’: Top Republican details Russia’s ‘horrific’ mass...

January 25, 2025

Recent Posts

  • The Real Drivers of This Market: AI, Semis & Robotics
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio
  • China slams Trump administration over US sanctions on Cuba
  • Minnesota fraud case is ‘canary in the coal mine’ for government systems — including elections, lawyer wars
  • House Freedom Caucus draws line on DHS, ICE funding as Minneapolis unrest fuels shutdown risk

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

  • The Real Drivers of This Market: AI, Semis & Robotics

    January 28, 2026
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    January 28, 2026
  • China slams Trump administration over US sanctions on Cuba

    January 28, 2026
  • Minnesota fraud case is ‘canary in the coal mine’ for government systems — including elections, lawyer wars

    January 28, 2026
  • House Freedom Caucus draws line on DHS, ICE funding as Minneapolis unrest fuels shutdown risk

    January 28, 2026
  • Trump says Noem doing ‘very good job, ‘won’t step down as homeland security chief amid Minnesota shift

    January 28, 2026

Editors’ Picks

  • 1

    Environmental Approval for Boland Infield Studies & Update on Scaled Column ISR Test

    September 19, 2025
  • 2

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

    December 12, 2024
  • 3

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

    December 15, 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

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

    December 19, 2024
  • 7

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
Promotion Image

banner

Categories

  • Business (607)
  • Investing (2,903)
  • Politics (3,558)
  • Stocks (1,052)
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Copyright © 2026 bullhedging.com | All Rights Reserved