Vivek Ramaswamy, co-leading President-elect Trump's Department of Government Efficiency with Elon Musk, warns about any 'last minute spending spree' under Biden's IRA and CHIPS Act, describing such actions as 'indefensible' and a 'fiduciary breach.'
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.
"This is fair game for review," Ramaswamy said. He compared it to a company firing a CEO and CFO, who in their final days approve spending from a term sheet but the money has not been yet dispensed."The board would review it," he said.
Vivek Ramaswamy Elon Musk Department Of Government Efficiency Inflation Reduction Act CHIPS Act Biden Administration
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