Connect with us

Hi, what are you looking for?

Daily Market SolutionDaily Market Solution

Latest News

Radical new DOGE transparency powers could hit Congress after Elon Musk exit

NEWYou can now listen to Fox News articles!

Rep. Chip Roy, R-Texas, is pushing to grant Congress vast new oversight powers over real-time federal spending to pick up where Elon Musk left off with the Department of Government Efficiency (DOGE).

A new bill that Roy is introducing on Wednesday would give lawmakers access to Treasury Department invoices larger than $25,000 in real time.

It would also grant lawmakers the ability to see payments to individual recipients of federal benefits and federal employees, according to bill text previewed by Fox News Digital.

It comes roughly a week after Musk announced he was stepping away from his federal government role – followed by his criticism of congressional Republicans’ spending legislation on the way out the door.

‘DOGE lifted up the hood of federal government spending and put on full display the massive programs and inefficiencies wasting American taxpayer dollars,’ Roy told Fox News Digital.

‘Billions were splurged on waste, fraud and abuse – but also on programs that clearly do not align with the core values of the American people. Regardless of which party controls the White House, the mission of DOGE in identifying wasteful spending must continue.’

He said his legislation would give Congress ‘the best tools available to identify this ridiculous spending in real time and allow us to reform government spending well into the future.’

Fiscal hawks like Roy are already looking to the next steps even as Congress begins consideration of a $9.4 billion spending cut proposal sent by the White House on Tuesday. 

The mechanism, known as a rescissions package, gives Capitol Hill 45 days to approve the blockage of funds – which were previously greenlit by Congress – while lowering the Senate’s threshold for passage on it from 60 votes to 51.

The package, which Republican leaders signaled could be the first of several, targets federal funding to NPR, PBS and the U.S. Agency for International Development (USAID).

House GOP leaders said that package would get a vote next week.

This post appeared first on FOX NEWS







    You May Also Like

    Editor's Pick

    Extremist supporters of former president Donald Trump are lashing out online against Usha Vance, the wife of Trump’s running mate, Sen. J.D. Vance (R-Ohio),...

    Investing

    Overview Energy Fuels (TSX:EFR,NYSE:UUUU) has been the largest producer of uranium in the United States and an emerging producer of rare earth elements (REEs)....

    Investing

    Australia is home to a thriving tech sector with investment opportunities across a variety of subsectors. The tech sector contributed about AU$167 billion to...

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Disclaimer: Dailymarketsolution.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 dailymarketsolution.com