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Category Archives: Economy

Commencing the Reduction of the Federal Bureaucracy

EXECUTIVE ORDER February 19, 2025. By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:
Section 1.  Purpose.  It is the policy of my Administration to dramatically reduce the size of the Federal Government, while increasing its accountability to the American people.  This order commences a reduction in the elements of the Federal bureaucracy that the President has determined are unnecessary.  Reducing the size of the Federal Government will minimize Government waste and abuse, reduce inflation, and promote American freedom and innovation. Sec. 2.  Reducing the Scope of the Federal Bureaucracy.  (a) The non-statutory components and functions of the following governmental entities shall be eliminated to the maximum extent consistent with applicable law, and such entities shall reduce the performance of their statutory functions and associated personnel to the minimum presence and function required by law:

  • the Presidio Trust;
  • the Inter-American Foundation;
  • the United States African Development Foundation; and the United States Institute of Peace;
  • the Administrator of the United States Agency for International Development shall terminate the Advisory Committee on Voluntary Foreign Aid;
  • the Director of the Bureau of Consumer Financial Protection shall terminate the Academic Research Council and the Credit Union Advisory Council;
  • the Board of Directors of the Federal Deposit Insurance Corporation shall terminate the Community Bank Advisory Council;
  • the Secretary of Health and Human Services shall terminate the Secretary’s Advisory Committee on Long COVID; and the Administrator of the Centers for Medicare and Medicaid Services shall terminate the Health Equity Advisory Committee.

Within 30 days of the date of this order, the Assistant to the President for National Security Affairs, the Assistant to the President for Economic Policy, and the Assistant to the President for Domestic Policy shall identify and submit to the President additional unnecessary governmental entities and Federal Advisory Committees that should be terminated on grounds that they are unnecessary…

Trump expected to take control of USPS, fire postal board, officials say

Washington Post [unpaywalled]: “This is something that does not belong to the president or the White House. It belongs to the American people. That goes for everything else they’re trying to steal too.” The move threatens to upend trillions of dollars in e-commerce business and the 250-year-old Postal Service. President Donald Trump is preparing to… Continue Reading

Falsehood of DOGE savings tracker that wants you to think it’s transparent

Fast Company: “The Department of Government Efficiency (DOGE) has updated its website, and in theory, it’s a model of government transparency. The site lists savings the department claims to have made from cuts, along with bar charts and tables that purport to show the department’s work and the size and scope of the federal government.… Continue Reading

How to find climate data and science the Trump administration doesn’t want you to see

Via LLRX – How to find climate data and science the Trump administration doesn’t want you to see – Research librarian Alejandro Paz and policy scholar Eric Nost, who belong to a network called the Public Environmental Data Partners, a coalition of nonprofits, archivists and researchers who rely on federal data in our analysis, advocacy and… Continue Reading

DOGE Has ‘God Mode’ Access to Government Data

The Atlantic [unpaywalled]: “The president’s special commission now has an unprecedented ability to view and manipulate information at many federal agencies. The employee’s account, along with the accounts of several others across federal agencies, offers the clearest portrait yet of just how deep DOGE has burrowed into the systems of the federal government—and the sensitive… Continue Reading

DOGE Claimed It Saved $8 Billion in One Contract. It Was Actually $8 Million.

The New York Times: “The biggest single line item on the website of Elon Musk’s cost-cutting team appears to include an error. The Department of Government Efficiency, the federal cost-cutting initiative championed by Elon Musk, published on Monday a list of government contracts it has canceled, together amounting to about $16 billion in savings itemized… Continue Reading

Will DOGE Soon Take Over the Federal Procurement Data System?

I am going to deduce, based on many ongoing purging and illegal take over of federal government finance related databases (among a vast array of other subject matter) that this announcement is cover for DOGE to take control of this critical e-government federal government contract system: NOTICE: FPDS Downtime Notification The FPDS production application (https://www.fpds.gov)… Continue Reading

Trump signs executive orders limiting power of agencies

Washington Times: “President Trump on Tuesday [February 18, 2025] signed an executive order [Ensuring Accountability For All Agencies] declaring that only the attorney general or the president, instead of federal regulators or bureaucrats, can speak for the U.S. when interpreting the meaning of laws carried out by the executive branch. The order was among three… Continue Reading

AI in Finance and Banking, February 17, 2025

AI in Finance and Banking, February 17, 2025 – This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to… Continue Reading

Economic Policy Uncertainty Index

The Global Economic Policy Uncertainty Index is at an all-time high right now, besting even the economic uncertainty at the start of the pandemic (May 2020). The Economic Policy Uncertainty Index – We develop a new method to measure economic policy uncertainty and test its dynamic relationship with output, investment, and employment. We find that,… Continue Reading