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Forbes
Forbes
12 Nov 2024


President-Elect Donald Trump has tapped Tesla chief Elon Musk to lead the Department of Government Efficiency, “working in conjunction with” former Republican presidential candidate Vivek Ramaswamy, tasking the two with driving “large scale structural reform” through the department, which is not yet recognized as an official government agency.

Republican Presidential Nominee Former President Trump Holds Rally In Butler, Pennsylvania

Musk was one of Trump's largest financial backers ahead of the 2024 election. (Photo by Anna ... [+] Moneymaker/Getty Images)

Getty Images

Trump announced Tuesday that Musk and Ramaswamy, the former of which is one of his largest financial backers, will lead the Department of Government Efficiency, which was first proposed by Musk and has been championed by Trump as a way to cut down on government bureaucracy.

The department, which when acronymized shares the name of the dogecoin cryptocurrency often touted by Musk, will “slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” according to a statement from Trump.

This is a developing story. Check back for updates.