President-elect Donald Trump announced the formation of a new "Department of Government Efficiency" to tackle federal spending, waste, and regulatory burdens.
Leading this initiative will be tech mogul Elon Musk, the world's richest person, and former Republican presidential candidate Vivek Ramaswamy.
The newly appointed leaders are expected to streamline government operations, focusing on reducing inefficiencies and optimizing the use of taxpayer funds.
This move aligns with Trump's broader agenda to reshape government functions and reduce bureaucracy.
Trump said the commission will "provide advice and guidance from outside of government," partnering with the White House and Office of Management and Budget "to drive large-scale structural reform" throughout the federal government. He said the team's work will conclude no later than July 4, 2026.
"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," Trump said in a statement.