Elon Musk Tapped to Lead New U.S. Government Efficiency Initiative

Under President-elect Trump, Musk and Vivek Ramaswamy aim to streamline federal operations and cut spending by $2 trillion by 2026.

Elon Musk and entrepreneur Vivek Ramaswamy will lead the newly created Department of Government Efficiency (DOGE) to propose cost-cutting measures for the U.S. government.
The initiative seeks to reduce federal spending by $2 trillion through deregulation, personnel cuts, and the elimination of discretionary programs by mid-2026.
Critics highlight potential conflicts of interest, as Musk's companies, such as SpaceX and Tesla, have significant government contracts and could benefit from regulatory changes.
Musk and Ramaswamy plan to leverage executive orders and recent Supreme Court rulings to bypass congressional approval for regulatory rollbacks and budget adjustments.
Experts question the feasibility of achieving the proposed cuts, noting that the largest federal expenditures, like Social Security and Medicare, are off-limits per Trump’s campaign promises.