Business
What we know about Musk’s cost-cutting mission
Elon Musk and Vivek Ramaswamy are on Capitol Hill on Thursday to discuss their newly-announced advisory team that the two billionaires say will cut regulations, spending, and headcounts within the federal government.
The Department of Government Efficiency, or “Doge” – seemingly a winking reference to Musk’s cryptocurrency of choice, dogecoin – was first announced by Donald Trump last month.
“It will become, potentially, ‘The Manhattan Project’ of our time,” the president-elect wrote on his social media platform, referring to a top-secret World War Two programme to develop nuclear weapons. “Republican politicians have dreamed about the objectives of ‘DOGE’ for a very long time.”
But despite Trump’s enthusiasm, much remains unclear about Doge and how it will function. As Musk and Ramaswamy meet with lawmakers, here’s a look at what we know about their nascent agency.