Trump announces Musk, Ramaswamy will lead newly-created Department of Government Efficiency

President-elect Donald Trump announced Tuesday that billionaire Elon Musk and businessman Vivek Ramaswamy will head up a new temporary agency known as the Department of Government Efficiency.

Trump in a statement said the two "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 seemed to suggest that Musk and Ramaswamy might not formally join the government, explaining that the two would "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."

In his own statement, Musk said the new agency "will send shockwaves through the system, and anyone involved in Government waste, which is a lot of people!"

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