Trump Leverages Musk’s Industry Experience to Improve Government Structure and Efficiency | WPN World People News

Elon Musk, CEO of Tesla, who strongly supported Donald Trump during the election, has been rewarded with a new role following the election. Musk, having contributed to Trump’s campaign, will head the newly established Department of Government Efficiency. Interestingly, the department's acronym, DOGE, coincides with the name of the cryptocurrency—Dogecoin—that Musk had previously championed, leading to a 20% surge in its value.

In a statement, Trump announced that Musk, alongside entrepreneur Vivek Ramaswamy, will help lay the foundation for a more efficient government. CBS analysis suggests that this newly created department may operate outside the federal government and could be governed by the Federal Advisory Committee Act. As a result, Musk and Ramaswamy may assume their positions without Senate confirmation and continue their work in private entities, without disclosing their assets or divesting from related jobs or investments to avoid conflicts of interest.

Trump aims to use this department to dismantle bureaucratic systems, eliminate unnecessary regulatory procedures, reduce wasteful spending, and restructure federal agencies. Musk has committed to "creating a shockwave through the entire government system and anyone involved in waste." Trump stated that the new organization will collaborate with the White House and the Office of Management and Budget to provide recommendations and push for large-scale structural reforms.

Trump emphasized that he has tasked Musk and Ramaswamy with improving federal efficiency, stating, “They will work together to liberate our economy and make the U.S. government accountable to 'We the People.'"