DOGE co-lead Vivek Ramaswamy says Biden administration attempts to dole out IRA and Chips Act funds, like EV loans, at the last minute will be reviewed.
Vivek Ramaswamy, who is co-leading President-elect Trump's new Department of Government Efficiency with Elon Musk, said any"last minute spending spree" under Biden's IRA or CHIPS Act will receive special scrutiny.Ramaswamy said any evidence of a spike in the rate of spending and"dollars out the door" in the final days of Biden's term would be in some cases"indefensible" and he said would amount to a"fiduciary breach.
It is not clear if there is sufficient time for some of the deals announced by the Biden administration to be finalized. "Those deserve special scrutiny," Ramaswamy said."Anything happening in this eleventh hour, midnight- hour spending. ... any eleventh-hour spending as a response to the election merits special review, and if it was accomplished by executive power it can be undone by executive power."Ramaswamy said"time is of the essence" for DOGE since it has been designed to auto-delete as an agency in 18 months, on July 4, 2026.
But other than Rivian, Ramaswamy said,"three weeks in advance of Jan. 20 when we officially start, I resist the idea of cherry-picking."Dallas
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