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Home BUSINESS

Trump Announces Elon Musk and Vivek Ramaswamy to Lead New Government Efficiency Initiative (D.O.G.E.)

Gary Ponce by Gary Ponce
November 13, 2024
in BUSINESS, CRYPTO, FEATURED, POLITICS
Reading Time: 3 mins read
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  • President-elect Donald Trump announced that SpaceX and Tesla CEO Elon Musk and biotech entrepreneur Vivek Ramaswamy will head up a new “Department of Government Efficiency”
  • Trump likened the effort to the Manhattan Project that produced the atomic bomb and quoted Musk as saying: “This will send shockwaves through the system, and anyone involved in Government waste, which is a lot of people!”
  • Trump stated that Musk and Ramaswamy “will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies”

President-elect Donald Trump has appointed SpaceX and Tesla CEO Elon Musk and biotech entrepreneur Vivek Ramaswamy to head up a new “Department of Government Efficiency.”

Trump’s Statement on New Department

In a statement, Trump likened the effort to the Manhattan Project that produced the atomic bomb. He also quoted Musk as saying: “This will send shockwaves through the system, and anyone involved in Government waste, which is a lot of people!”

“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,” the 78-year-old Trump said.

JUST IN: 🇺🇸 Donald Trump appoints Elon Musk and Vivek Ramaswamy as co-leaders of the Department of Government Efficiency (D.O.G.E.) pic.twitter.com/J1kGD9dUNj

— BlockNews (@blocknewsdotcom) November 13, 2024

Musk’s Expertise

As CEO of SpaceX and Tesla, Musk brings vast experience in innovation and efficiency to the role. He has spearheaded reusable rocket technology at SpaceX and pushed the boundaries on electric vehicles at Tesla. Musk is known for his focus on streamlining operations.

Ramaswamy’s Background

Ramaswamy founded several biotech companies and led efficiency initiatives in the pharmaceutical industry. He is the author of “Woke, Inc.,” a book critiquing woke ideology in corporate America. Ramaswamy has emphasized the need to eliminate bureaucratic waste and refocus on core business priorities.

Initiative Aligns with Trump’s Goals

The new department aligns with Trump’s stated goals of reducing government regulation and bureaucracy. He has repeatedly promised to “drain the swamp” in Washington.

With Musk and Ramaswamy at the helm, the initiative could overhaul inefficient government agencies and processes. However, the extent of the department’s mandate and authority remains unclear.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: D.O.G.EDonald TrumpElon MuskSpaceXteslaVivek Ramaswamy
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Gary Ponce

Gary Ponce

Gary has been active in the crypto space since 2019, developing hands-on experience in trading, airdrop hunting, and identifying emerging narratives in low-cap tokens. For over four years, he has contributed research and editorial content with Aiur Labs and BlockNews, focusing on market analysis and community insights. His work reflects both transparency and independent reporting, with an emphasis on simplifying complex ideas for readers. Gary is a long-term believer in Bitcoin, Sui, Hype, Litecoin, XRP, AVAX, and select meme tokens, combining personal trading knowledge with professional editorial standards.

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