Trump says Elon Musk will lead “DOGE,” a new Department of Government Efficiency

President-elect Donald Trump today announced that a new Department of Government Efficiency—or "DOGE"—will be led by Elon Musk and former Republican presidential candidate Vivek Ramaswamy. Musk and Ramaswamy, who founded pharma company Roivant Sciences, "will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies," according to the Trump statement on Truth Social.

DOGE apparently will not be an official federal agency, as Trump said it will provide advice "from outside" of government. But Musk, who has frequently criticized government subsidies despite seeking public money and obtaining various subsidies for his own companies, will apparently have significant influence over spending in the Trump administration. Musk has also had numerous legal disputes with regulators at agencies that regulate his companies.

"Republican politicians have dreamed about the objectives of 'DOGE' for a very long time," Trump said. "To drive this ...