Trump picks Musk, entrepreneur Ramaswamy for govt efficiency effort
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President-elect Donald Trump announced on November 13, 2024, that billionaire Elon Musk and entrepreneur Vivek Ramaswamy will lead a new Department of Government Efficiency. The department aims to dismantle bureaucracy, cut regulations, and restructure federal agencies, with a completion deadline of July 4, 2026. Musk claims he could cut at least US$2 trillion from the federal budget, which exceeds annual government agency spending. Last fiscal year, the government spent over US$6.75 trillion, with significant portions allocated to Social Security and healthcare. Ramaswamy, who previously ran for the GOP nomination, has been a strong supporter of Trump and shares similar policy views. Trump praised Ramaswamy's capabilities and considered him for a Cabinet position.
#Trump #Musk #Ramaswamy #GovernmentEfficiency #BudgetCuts #FederalAgencies #UsPolitics #2024Election #DepartmentOfGovernmentEfficiency #EntitlementPrograms
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