• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

Trump signs late-night executive order abolishing handful of federal advisory boards

by February 20, 2025
by February 20, 2025

President Trump signed an executive order on Wednesday aimed at eliminating a handful of federal advisory committees. 

The order targets the Presidio Trust, the Inter-American Foundation, the United States African Development Foundation and the United States Institute of Peace – all of which have received federal funding. 

It comes as the president has been working along with Elon Musk and the Department of Government Efficiency, or DOGE, to aggressively reduce the size of the federal government and minimize government waste and abuse to reduce inflation.

Cutting these governmental entities and federal advisory committees will save taxpayer dollars, reduce unnecessary government spending, and streamline government priorities, according to Trump’s administration.

The named organizations were given 14 days to submit reports to the Director of the Office of Management and Budget (OMB Director) confirming that they are compliant and to give an explanation if any part of their government entity is required and to what extent.

In addition, the Administrator of USAID was asked to terminate the Advisory Committee on Voluntary Foreign Aid. The Director of the Bureau of Consumer Financial Protection will have to terminate the Academic Research Council and the Credit Union Advisory Council. The FDIC Board will be required to terminate the Community Bank Advisory Council. The Secretary of Health and Human Services has been asked to terminate the Secretary’s Advisory Committee on Long COVID and the Administrator of CMS has to terminate the Health Equity Advisory Committee.

The newly signed executive order coincides with one Trump signed Tuesday instructing DOGE to coordinate with federal agencies and execute massive cuts in federal government staffing numbers.  

That order instructed DOGE and federal agencies to work together to ‘significantly’ shrink the size of the federal government and limit hiring new employees, according to a White House fact sheet. Specifically, agencies must not hire more than one employee for every four that leave their federal post. 

Agencies will also be instructed to ‘undertake plans for large-scale reductions in force’ and evaluate ways to eliminate or combine agency functions that aren’t legally required.

Trump is also requiring that within 30 days of the order, the President’s assistants for National Security Affairs, Economic Policy, and Domestic Policy identify and submit a list of additional committees and boards for termination.

The Trump administration stated that the American people elected President Trump to drain the swamp and end ineffective government programs that empower government without achieving measurable results.

Trump also voiced he wants to provide voters what they want – to tackle ‘all of this ‘horrible stuff going on’ – and told reporters that he hoped the court system would cooperate. 

‘I hope that the court system is going to allow us to do what we have to do,’ Trump said, adding that he would always abide by a court’s ruling but will be prepared to appeal.

This post appeared first on FOX NEWS

0 comment
0
FacebookTwitterPinterestEmail

previous post
First on Fox: VP Vance to tout Trump’s historic first month in speech to MAGA faithful
next post
Trump and Zelenskyy war of words heats up even as US looks to wind down war in Ukraine

Related Posts

House gears up to take Senate’s government shutdown...

January 31, 2026

Trump says Iran already has US terms as...

January 31, 2026

Republicans, Dems break through resistance, move forward with...

January 31, 2026

Senate passes federal funding compromise as Democrats score...

January 31, 2026

Federal judge strikes down parts of Trump executive...

January 31, 2026

Trump scores strategic win as Panama court ousts...

January 31, 2026

‘Opening Pandora’s Box’: Mike Johnson backs Trump after...

January 31, 2026

Senate passes federal funding compromise; Democrats score victory...

January 31, 2026

US approves massive arms sales to Israel and...

January 31, 2026

Saudis won’t let the US use its bases...

January 31, 2026

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • US producer prices jump more than expected in December as services costs surge

    January 31, 2026
  • Commodity wrap: volatility reins as gold, silver, copper tumble on hawkish Fed chair news

    January 31, 2026
  • Nvidia stock flat on Friday but analysts remain strongly bullish

    January 31, 2026
  • SoFi CEO defends capital raise as Q4 revenue tops $1 billion

    January 31, 2026
  • SanDisk stock: how high could it realistically fly in 2026?

    January 31, 2026
  • Europe bulletin: UK confidence wobbles, Germany’s nuclear idea, EU’s strong growth

    January 31, 2026

Editors’ Picks

  • 1

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 2

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • ‘The Value of Others’ Isn’t Especially Valuable

    April 17, 2025
  • 7

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025

Categories

  • Economy (3,986)
  • Editor's Pick (435)
  • Investing (467)
  • Stock (2,662)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Rubio doubts ‘anything productive’ will happen in...

May 16, 2025

How to Prove Economists Wrong About Tariffs:...

October 16, 2025

CCP-linked firms quietly hold stakes in US...

November 26, 2025