Donald Trump announced the formation of a new Department of Government Efficiency led by Elon Musk and Vivek Ramaswamy, aiming to transform federal bureaucracy outside traditional governance structures.
The duo will partner with the Office of Management and Budget to implement large-scale structural reform, slashing regulations, cutting waste, and restructuring federal agencies with an entrepreneurial approach.
Despite being outside the government's formal structure, Musk and Ramaswamy would push for a complete financial and performance audit of the federal government, challenging existing bureaucratic norms.
Their work is set to culminate by July 4, 2026, promising a more efficient government as a 'gift' for the nation’s 250th anniversary.
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