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President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to lead what he calls the Department of Government Efficiency — yes, the acronym is DOGE — to “pave the way” for his administration to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.”
The department will somehow operate “outside of Government” and work with the White House and the Office of Management and Budget, according to the statement posted on Truth Social. Musk and Ramaswamy have until July 4th, 2026, to complete their work, the statement says.
Trump had said during his presidential campaign that he would appoint Musk to head up a government efficiency commission if he was elected. Musk has floated cutting at least $2 trillion, which The Washington Post says would be “virtually impossible” unless he touches the defense budget or programs like Social Security. Musk has acknowledged the cuts could have severe short-term financial impacts.
Musk seemed to confirm the news on X, writing, “The merch will be 🔥🔥🔥.” Meanwhile, the price of Dogecoin has doubled since the election. Musk supported Trump’s campaign in posts on X and through the America PAC, which reportedly spent around $200 million to get Trump elected.
Here is the full text of Trump’s statement:
I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (“DOGE”). Together, these two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies – Essential to the “Save America” Movement. “This will send shockwaves through the system, and anyone involved in Government waste, which is a lot of people!” stated Mr. Musk.
It will become, potentially, “The Manhattan Project” of our time. Republican politicians have dreamed about the objectives of “DOGE” for a very long time. To drive this kind of drastic change, the Department of Government Efficiency will provide advice and guidance from outside of Government, and will partner with the White House and Office of Management & Budget to drive large scale structural reform, and create an entrepreneurial approach to Government never seen before.
I look forward to Elon and Vivek making changes to the Federal Bureaucracy with an eye on efficiency and, at the same time, making life better for all Americans. Importantly, we will drive out the massive waste and fraud which exists throughout our annual $6.5 Trillion Dollars of Government Spending. They will work together to liberate our Economy, and make the U.S. Government accountable to “WE THE PEOPLE.” Their work will conclude no later than July 4, 2026 – A smaller Government, with more efficiency and less bureaucracy, will be the perfect gift to America on the 250th Anniversary of The Declaration of Independence. I am confident they will succeed!
