Order calls for ‘transformation’ in US spending on contracts, grants and loans by requiring centralized payment system

Donald Trump on Wednesday signed an executive order meant to expand the power of Elon Musk’s governmental cost-cutting program, the so-called “department of government efficiency”, or Doge.

The new order calls for a “transformation” in federal spending on contracts, grants and loans by requiring agencies to create a centralized system to record and justify payments, which may be made public for transparency – an initiative that would be monitored by Musk’s team.