President-elect Donald Trump named tech billionaire Elon Musk and conservative activist Vivek Ramaswamy on Tuesday to head up a new Department of Government Efficiency, fulfilling a campaign pledge to give Musk sweeping oversight of government spending.
Trump said in a statement on to social media that the department will help “dismantle Government Bureaucracy” and slash excess regulations. The name of the agency, DOGE for short, is a reference to a meme and a cryptocurrency associated with Musk.
“This will send shockwaves through the system, and anyone involved in Government waste, which is a lot of people!” Musk said in the statement released by the transition team.
