Trump Taps Cannabis Supporters Elon Musk, Vivek Ramaswamy To Slash Government Spending
President-elect Donald Trump announced that Tesla CEO Elon Musk and biotech investor Vivek Ramaswamy will lead a new initiative aimed at cutting government costs and reducing bureaucracy.
The project, dubbed Department of Government Efficiency (DOGE), is part of Trump’s broader agenda to streamline federal operations when he assumes office again next year. The acronym DOGE is an obvious nod to Musk’s favored cryptocurrency, Dogecoin.
In a Tuesday night statement, Trump said Musk and Ramaswamy “will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures and restructure Federal Agencies.” The agency will work closely with the White House and the Office of Management and Budget to address “massive waste and fraud” in the federal budget, which totals approximately …