Trump names Elon Musk, Vivek Ramaswamy to lead Department of Government Efficiency (DOGE)

Trump statement (in summary):

• Elon Musk and Vivek Ramaswamy will lead the newly created Department of Government Efficiency (DOGE).
• Their mission is to dismantle government bureaucracy, reduce excess regulations, cut wasteful spending, and restructure federal agencies.
• This initiative is part of the broader “Save America” movement.
• Musk described this effort as potentially “The Manhattan Project” of the modern era, aimed at shaking up government systems.
• The Department of Government Efficiency (DOGE) will operate outside of government but partner with the White House and Office of Management & Budget to drive large-scale reforms.
• Their approach is to introduce a more entrepreneurial, efficiency-focused mindset within federal operations.
• Musk and Ramaswamy’s work will target waste and fraud within the federal government’s $6.5 trillion annual spending.
• The initiative aims for a more accountable, smaller government, aligned with the interests of “We the People.”
• Their work is expected to conclude by July 4, 2026, symbolically marking the 250th anniversary of the Declaration of Independence.
• The goal is a leaner, more efficient government as a “gift to America” on its milestone anniversary.

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This article was written by Eamonn Sheridan at www.forexlive.com.