Musk and ex-presidential candidate Vivek Ramaswamy to head up Department of Government Efficiency (Doge)
Trump said in a statement that Musk and Ramaswamy “will pave the way for my administration to dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies”.
Musk had pushed for a government efficiency department and has since relentlessly promoted it, emphasizing the acronym for the agency: Doge, a reference to a meme of an expressive Shiba Inu. Trump said the agency will be conducting a “complete financial and performance audit of the entire federal government, and making recommendations for drastic reforms”.
Ramaswamy, meanwhile, is a wealthy biotech entrepreneur whose first time running for office was for the Republican party nomination last year. He told ABC earlier this week that he was having “high-impact discussions” about possible roles in Trump’s cabinet. He also has no government experience, but has pushed for cost-cutting in the corporate sector. After building a stake in the struggling online media firm Buzzfeed, heMusk, speaking to reporters last month, stated a goal of reducing government spending by $2tn. Practically speaking, experts say those cost cuts could result in deregulation and policy changes that would directly impact Musk’s universe of companies, particularly Tesla, SpaceX, X and Neuralink.
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