Musk hugs Donald Trump at a campaign rally in Butler, Pennsylvania, on October 5, 2024.
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President-elect Donald Trump say tuesday Musk Former Republican presidential candidate Vivek Ramaswamy will lead an efficiency panel when his second term begins in January.
Trump wrote in a post that the Department of Government Efficiency (DOGE) would “potentially become the ‘Manhattan Project’ of our time.” He also said the panel would pave the way for his next administration to “abolish government bureaucracy, cut redundant regulations, cut wasteful spending and reorganize federal agencies.”
Trump did not specify where the cuts would occur or when the department would be established. Congress has not created or funded such an office. He said the group’s “work will end no later than July 4, 2026.”
Trump has previously pledged Musk’s involvement in the envisioned organization and has been touted by the Trump administration. Tesla The CEO spent Estimated $200 million Support the Republican candidate’s 2024 campaign as a case for returning the former president to the White House. Musk, who also runs defense contractor SpaceX, has reportedly been stationed at Trump’s Mar-a-Lago resort in Florida since election night.
Ramaswamy is the co-founder of the investment firm Strive Asset Management and once challenged Trump in the Republican primary. He opposes the widespread adoption of environmental, social and governance (ESG) principles by companies.
Trump announced a slew of other appointments on Tuesday, including naming Fox News host Pete Hegseth as his pick minister of defense and John Ratcliffe director of cia.
