President-elect Donald Trump has released a statement on his social media Truth, that he has appointed Elon Musk, Tesla’s CEO, and Vivek Ramaswamy as the leaders of the Department of Government Efficiency (DOGE), to create a smaller government, with less bureaucracy and more efficiency.
The new department would be responsible for dismantling government bureaucracy, excess regulations, and wasteful expenditures, the department would also be in charge of restructuring federal agencies.
Trump remarked that the department would be modern-day “The Manhattan Project”, and it is the project that Republican politicians have been dreaming up for a very long time.
DOGE would provide advice and guidance from outside of government, the department would also collaborate with the White House and Office of Management & Budget for a large-scale structural reform, and create an entrepreneurial approach to governance.
Trump’s goal of increasing government efficiency is to “liberate” the U.S. economy, and improve government accountability under the U.S. Constitution.
The government restructuring is expected to conclude before July 4, 2026. Trump stated that the restructured U.S. government would be a gift to the country on its 250th Anniversary of The Declaration of Independence.
Coincidentally, Doge coins have shot up nearly 20% after Trump released the statement, the coin has been among the biggest winners after the election, gaining 153% since.
