The executive order outlined in the document aims to improve the efficiency of federal government spending. It introduces measures to ensure transparency and accountability by requiring justifications for payments made under federal contracts and grants, and conducting reviews to find savings and reduce waste. Each federal agency must also establish systems to manage and justify expenditures on non-essential travel and report on contracting activities. There are exclusions for law enforcement, military, and other critical services, and the executive order emphasizes compliance with existing laws and budget limitations.
Simple Explanation
The President wants the government to spend money wisely, so he made a rule that says all parts of the government need to keep better track of their spending, especially for things like trips and contracts, to make sure they're not wasting money. But, there's a worry that setting up this new system could be costly and some important activities won't be looked at closely.