President-elect Trump has announced that he will name Tesla CEO Elon Musk and Vivek Ramaswamy to lead a new Department of Government Efficiency. Details about the agency, including its budget and staff, are unclear at this time. Musk has been a consistent presence at Mar-a-Lago since before the election, and had campaigned for Trump, promising to cut $21 billion from the federal budget. Trump has echoed this promise and plans to bring Musk into his administration for government efficiency. The goal is to cut $2 trillion from the federal budget, which Musk believes will be financially beneficial in the long term, despite initial hardships. Ramaswamy, who was also considered for an Ohio U.S. Senate seat, will be involved in the project as well. Lawmakers and Republicans will need to sign off on the budget cuts, which will be a significant challenge. Trump has given Musk and Ramaswamy until mid-2026 to bring efficiency to the federal government, although the specifics of their plan are still unclear.
