Elon Musk and former GOP presidential candidate Vivek Ramaswamy will head a new initiative called the "Department of Government Efficiency," or "DOGE".
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00:00President-elect Donald Trump announced that Elon Musk and former GOP presidential candidate Vivek Ramaswamy
00:05will head a new initiative called the quote Department of Government Efficiency or DOGE, a playful nod to
00:12Musk-favored cryptocurrency Dogecoin. Despite its title, this department is not a formal government agency.
00:19According to Trump, the pair will work independent of the government to provide the White House with
00:24strategic advice on reform and will collaborate with the Office of Management and Budget to bring
00:29a more entrepreneurial approach to government. Trump suggested that their efforts could disrupt
00:35current government structures. However, it's uncertain how the Department of Government
00:39Efficiency will function, though it may fall under the Federal Advisory Committee Act, which would
00:45require transparency. Since Musk and Ramaswamy are not federal employees, they would not need
00:50to disclose financial assets or meet ethical standards typically required for government positions.