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Elon Musk, CEO of Tesla and owner of social media site X, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, on June 16, 2023.
Gonzalo Fuentes | Reuters
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, in a statement posted to social media, said the department will help to “dismantle Government Bureaucracy” and slash excess regulations. The name of the agency, DOGE for short, is a reference to a popular internet meme and cryptocurrency associated with Musk.
Trump said the department would exist “outside of Government,” giving advice to those in the White House on overhauling federal agencies. The arrangement would also likely allow Musk and Ramaswamy to continue working in the private sector and serve without Senate approval.
He gave a deadline of July 4, 2026, for the department to conclude its work.
