President-elect Donald Trump announced on Tuesday that Elon Musk will co-lead the Department of Government Efficiency, the acronym of which spells out

Donald Trump announces Elon Musk will co-lead Department of Government Efficiency

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2024-11-13 03:00:04

President-elect Donald Trump announced on Tuesday that Elon Musk will co-lead the Department of Government Efficiency, the acronym of which spells out DOGE, Musk’s favorite cryptocurrency. The CEO of Tesla, SpaceX, xAI, Neuralink, and owner of X, will lead the department alongside biotech entrepreneur and former presidential hopeful, Vivek Ramaswamy, to pave the way for Trump’s administration to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.”

Notably, DOGE will “provide advice and guidance from outside of Government,” which suggests it will not be an official government agency that requires legislative approvals and funding. Rather, DOGE will partner with the White House and Office of Management & Budget, according to the press release.

Musk referenced creating a Department of Government Efficiency for the last several months while campaigning for Trump across the country. However, it wasn’t clear what shape DOGE would truly take, or whether Trump would really take Musk up on this offer.