President-elect Donald Trump has tapped Elon Musk and Vivek Ramaswamy to lead the newly announced Department of Government Efficiency, or “DOGE.”

According to Trump’s post on Truth Social, the department will work closely with the White House and the Office of Management and Budget to tackle government bureaucracy, reduce excessive regulations, cut wasteful spending, and restructure federal agencies.

Unconventionally, DOGE will operate “outside of Government” to expedite its objectives. Musk and Ramaswamy are expected to finish their task by July 4, 2026. This announcement aligns with Trump’s campaign promise to appoint Musk to lead a government efficiency commission.

In a post on X (formerly Twitter), Musk responded with enthusiasm, commenting, “The merch will be 🔥🔥🔥.” Following the announcement, Dogecoin’s value has surged, doubling since the election. Musk supported Trump’s campaign both online and through the America PAC, which reportedly invested $200 million in Trump’s bid.

Here is the full text of Trump’s statement:

I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (“DOGE”). 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. “This will send shockwaves through the system, and anyone involved in Government waste, which is a lot of people!” stated Mr. Musk.

It will become, potentially, “The Manhattan Project” of our time. Republican politicians have dreamed about the objectives of “DOGE” for a very long time. To drive this kind of drastic change, the Department of Government Efficiency will provide advice and guidance from outside of Government, and will partner with the White House and Office of Management & Budget to drive large scale structural reform, and create an entrepreneurial approach to Government never seen before.

I look forward to Elon and Vivek making changes to the Federal Bureaucracy with an eye on efficiency and, at the same time, making life better for all Americans. Importantly, we will drive out the massive waste and fraud which exists throughout our annual $6.5 Trillion Dollars of Government Spending. They will work together to liberate our Economy, and make the U.S. Government accountable to “WE THE PEOPLE.” Their work will conclude no later than July 4, 2026 – A smaller Government, with more efficiency and less bureaucracy, will be the perfect gift to America on the 250th Anniversary of The Declaration of Independence. I am confident they will succeed!

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