Trump Orders Freeze on Federal Credit Cards and Mandates Payment Tracking Overhaul

The executive order aims to curb wasteful spending through a 30-day credit card freeze and new systems for monitoring government contracts and expenditures.

President Trump has issued an executive order freezing the use of government-issued credit cards for 30 days, with exceptions for critical services like disaster relief.
The Department of Government Efficiency (DOGE), led by Elon Musk, is tasked with implementing the order to reduce waste, fraud, and abuse in federal spending.
Federal agencies must create centralized payment-tracking systems to document and justify all expenditures, including contracts and grants.
Agency heads are required to review existing contracts and grants within 30 days, with the authority to terminate or renegotiate agreements deemed inefficient or unnecessary.
The initiative is part of a broader effort by DOGE to modernize government systems and cut at least $1 trillion in federal spending.