Money Matter Blog
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Money Matter Blog
No Result
View All Result
Home Latest News

Trump allies push for more White House control over Congress’ purse strings

by
December 16, 2024
in Latest News
0
Trump allies push for more White House control over Congress’ purse strings

House GOP allies of President-elect Donald Trump are pushing for him to have greater control over Congress’ annual government spending process next year.

Rep. Andrew Clyde, R-Ga., is introducing a bill on Monday that would repeal a measure that forces the president to direct the federal government to spend the full amount of money allocated by Congress every year.

Clyde told Fox News Digital on Thursday that he also plans to introduce the bill in the next Congress, when Republicans control the House, Senate and White House – and that the issue is already being discussed in Trump’s circle.

‘That was certainly a topic that was brought up’ with Vivek Ramaswamy and Elon Musk when they were on Capitol Hill earlier this month to discuss the Department of Government Efficiency, Clyde said.

‘They’re in favor of it, because how can you be efficient and not have the ability to reduce spending? You simply can’t.’

He also told a small group of reporters earlier this month that incoming Trump Office Of Management and Budget Director Russell Vought ‘is very much in favor of this.’

The Impoundment Control Act of 1974 was passed during the Nixon administration and aimed at stopping the president from having unilateral say over government spending.

Currently, a president must get congressional approval to rescind any funding that has been allocated for a certain year. The funds in question can be held for up to 45 days while the request gets processed.

‘I think the authority is very, very important for the president to exercise,’ Clyde said. ‘Ever since Congress introduced that act, you’ve seen spending literally spiraling upwards. And that’s just not good for our country.’

Clyde’s bill would roll back the Impoundment Control Act. A corresponding bill is being introduced in the Senate by Sen. Mike Lee, R-Utah.

Clyde said over a dozen House Republicans are backing his bill as well.

Musk and Ramaswamy advocated for Trump to have greater authority to rescind funding in an op-ed published by the Wall Street Journal last month, after the president-elect tapped them to lead an advisory panel on cutting government waste.

The Georgia Republican acknowledged that the bill has long odds in the current Democrat-controlled Senate and with just one week left in the congressional term, but said he would ‘definitely’ introduce it in the next Congress.

He described Monday’s introduction as ‘putting a flag in the ground, saying ‘Hey, this is an authority that the president should be able to use in an unhindered fashion, and we are going to help.’’

However, the issue is likely to fall along partisan lines. Rep. Brendan Boyle, D-Pa., the top Democrat on the House Budget Committee, responded to Musk and Ramaswamy’s op-ed by calling their ideas ‘as idiotic as they are dangerous.’

‘Unilaterally slashing funds that have been lawfully appropriated by the people’s elected representatives in Congress would be a devastating power grab that undermines our economy and puts families and communities at risk,’ Boyle said in a statement.

This post appeared first on FOX NEWS
Tags: Featured
Previous Post

From Chili’s to burger chains, here are the restaurant industry winners and losers in 2024

Next Post

US warns Americans to flee Syria or prepare to ‘shelter in place for extended periods’

Next Post
US warns Americans to flee Syria or prepare to ‘shelter in place for extended periods’

US warns Americans to flee Syria or prepare to ‘shelter in place for extended periods’

Enter Your Information Below To Receive Trading Ideas and Latest News

    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!

    Popular News

    Israel’s Netanyahu delays Gaza cease-fire deal, accusing Hamas of trying to back out

    Israel’s Netanyahu delays Gaza cease-fire deal, accusing Hamas of trying to back out

    January 16, 2025
    Trump foreign policy: 6 issues he got right and the experts were wrong

    Trump foreign policy: 6 issues he got right and the experts were wrong

    January 16, 2025
    CLAY TRAVIS: How Trump is already narrowing America’s racial divide

    CLAY TRAVIS: How Trump is already narrowing America’s racial divide

    January 16, 2025

    About Money Matter Blog

    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Latest News

    • Israel’s Netanyahu delays Gaza cease-fire deal, accusing Hamas of trying to back out
    • Trump foreign policy: 6 issues he got right and the experts were wrong
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Copyright © 2025 moneymatterblog.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 moneymatterblog.com | All Rights Reserved