Trump has begun another trade war. Here's a timeline of how we got here
Canada's leader laments lost friendship with US in town that sheltered stranded Americans after 9/11
Chinese EV giant BYD's fourth-quarter profit leaps 73%
You're an American in another land? Prepare to talk about the why and how of Trump 2.0
Chalk talk: Star power, top teams and No. 5 seeds headline the women's March Madness Sweet 16
Purdue returns to Sweet 16 with 76-62 win over McNeese in March Madness
WASHINGTON (Reuters) -U.S. President Donald Trump issued an executive order on Wednesday aimed at implementing the Department of Government Efficiency's cost-cutting drive, the White House said.
The order will transform federal spending on contracts, grants and loans "to ensure Government spending is transparent and Government employees are accountable to the American public," according to the text.
All federal agencies must review contracts and grants for "waste, fraud and abuse," and work with DOGE employees to review and terminate all "unnecessary" contracts, according to a copy of a fact sheet provided by a White House official.
The fact sheet says the order also directs the General Services Administration, which manages the federal government's real estate portfolio, to create a plan for "disposing of unnecessary government-owned or leased real property."
DOGE has swept through federal agencies since Donald Trump began his second term as president last month, putting billionaire Elon Musk, the chief executive of carmaker Tesla (TSLA.O), in charge of an unprecedented cost-cutting campaign that has included thousands of job cuts.
(Reporting by Jarret Renshaw; Writing by Ryan Patrick Jones; Editing by Brendan O'Boyle and Costas Pitas)
