President-elect Donald Trump announced Tuesday that the billionaire Elon Musk and businessman Vivek Ramaswamy will head a new temp agency known as the Department of Government Efficiency.
Trump said in a statement that the two “will pave the way for my administration to dismantle government bureaucracy, cut excessive regulations, cut wasteful spending, and restructure federal agencies – which is essential to the ‘Save America’ movement.” .
Trump appeared to suggest that Musk and Ramaswamy might not officially join the government, explaining that the two would “provide advice and guidance from outside of government and partner with the White House and the Office of Management and Budget to carry out large-scale structural reform. and create a never-before-seen entrepreneurial approach to government.
In his own statement, Musk said the new agency “will send a shockwave through the system and to everyone involved in government waste, which is a lot of people!”
Trump, in his statement, set a deadline for their work, saying it would “complete no later than July 4, 2026.”
“Smaller government, with more efficiency and less bureaucracy, will be the perfect gift to America on the 250th anniversary of the Declaration of Independence,” Trump wrote. “I am confident they will succeed!”
The Trump campaign described the agency as “potentially the ‘Manhattan Project’ of our time”, referring to the secret program of World War II who participated in the development of the atomic bomb.
Musk was an important part of Trump’s re-election campaign effort, while Ramaswamy ran against Trump in the Republican primary before supporting him.
The department’s acronym, DOGE, is also a dog meme that inspired Dogecoin, a cryptocurrency created as a joke and considered the first same corner.