D.O.G.E. Initiative: Musk and Ramaswamy to Advise on Government Overhaul in Trump’s New Administration
Elon Musk, a tech entrepreneur, and Vivek Ramaswamy were chosen by President-elect Donald Trump on Tuesday to head a new Department of Government Efficiency (D.O.G.E.), which aims to improve the efficiency of government administration and spending. Working from outside the government, the pair will provide counsel and direction to advance extensive structural change and establish a “never seen before entrepreneurial approach to government.”
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
DOGE Price Hits 2021 Levels as Musk and Ramaswamy Promise Transparency in Gov Spending
Musk and Ramaswamy will continue to work on the project until July 4, 2026, according to Trump. Musk stated in an X post that for the sake of utmost transparency, all Department of Government Efficiency operations will be made public publicly.
Anytime the public thinks we are cutting something important or not cutting something wasteful, just let us know. We will also have a leaderboard for most insanely dumb spending of your tax dollars. This will be both extremely tragic and extremely entertaining.
Musk
Investor interest in DOGE trade is growing due to its memetic character, according to a CoinDesk report published in mid-October. It also suggested that more talk about DOGE in the media and among retail traders might increase interest in the currency. Following a roughly 250% increase in the last 30 days, DOGE prices reached 2021 levels on Tuesday. As a long-term price target, traders are now aiming for the $1 mark.
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