1 week Ago By Jay Peters
President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to lead what he calls the Department of Government Efficiency — yes, the acronym is DOGE — to “pave the way” for his administration to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.” The department will somehow operate “outside of Government” and work with the White House and the Office of Management and Budget, according to the . Musk and Ramaswamy have until July 4th, 2026, to complete their work, the statement says.
Trump had that he would appoint Musk to head up a government efficiency commission if he was elected. Musk has floated cutting at least $2 trillion, which would be “virtually impossible” unless he touches the defense budget or programs like Social Security. Musk has acknowledged the cuts could have severe short-term financial impacts.
Musk seemed to on X, writing, “The merch will be 🔥🔥🔥.” Meanwhile, the price of Dogecoin has doubled since the election. Musk supported Trump’s campaign in posts on X and through the , which to get Trump elected.
Here is the full text of Trump’s statement: /.
