Trump looks to sell unneeded government property

 Newsmax:

President Donald Trump signed an executive order Wednesday outlining a "cost efficiency initiative" for federal agencies working with the Department of Government Efficiency.

The order asks agencies to coordinate with the chief of their DOGE team to review contracts and grants and to terminate or modify them "where appropriate."

The order also directs the General Services Administration to submit a plan within 60 days to Office of Management and Budget Director Russell Vought regarding any government-owned real estate that is "no longer needed." Since beginning his second term last month, Trump reportedly has been weighing the sale of two-thirds of the federal government's office supply to the private sector.

The GSA owns, manages, and leases much of the government's real estate and controls and takes care of a large number of federal buildings. But a lack of funding has led to many of those buildings being poorly maintained, and they are sitting empty or underused, the GSA testified before Congress in 2023.

The executive order also asks agencies to build a system to "record every payment" spent on the agency's contracts and grants and provide a "brief, written justification for each payment." Further, it asks agency heads to work with their DOGE team chief to build a system to record approval for federally funded travel or conferences and provide written justification for conferences or nonessential travel.

Trump's action builds upon another DOGE-related executive order he signed Feb. 11 that directed agencies to work with DOGE to cut staff and limit hiring.
...

Trump has significant experience in managing office real estate spaces and believes that much of the current space is underutilized and is unnecessary.  Seeling unneeded office buildings and other realestates could be a source of income to the treasury that would reduce government debt. 

See also:

Trump Administration Directs Federal Agencies to Prepare for Mass Layoffs

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