Donald Trump said that he has tapped Elon Musk, working along with Vivek Ramaswamy, to lead what he calls the Department of Government Efficiency—or DOGE, a nod to cryptocurrency.
Musk and Ramaswamy will be tasked with setting the stage for a dismantling of the government bureaucracy, slashing regulations and cutting wasteful expenditures, the president-elect said.
Musk was Trump's biggest "moneymaker" during his campaign, reportedly contributing more than $100 million to Trump's campaign. Ramaswamy, a 39-year-old biotech company founder worth more than US$950 million, declared his candidacy for the Republican primary for presidential candidate in February 2023, before dropping out of the Republican primary in January 2024 in favor of Trump.
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