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(Left) Entrepreneur and author Vivek Ramaswamy arrives on stage for the first Republican Presidential primary debate at the Fiserv Forum in Milwaukee, Wis., on Aug. 23, 2023. (Alex Wroblewski/AFP via Getty Images) (Right) Elon Musk attends the 2022 Met Gala celebrating "In America: An Anthology of Fashion" at The Metropolitan Museum of Art in New York City on May 2, 2022. Dimitrios Kambouris/Getty Images for The Met Museum/Vogue
Named after a meme-inspired cryptocurrency coin and theorized during a pre-election interview on billionaire Elon Musk’s social platform X, President-elect Donald Trump is launching the new Department of Government Efficiency (DOGE) in his second administration.
Musk and former Republican candidate Vivek Ramaswamy will co-chair the effort, which aims to reduce government spending and reform, or remove, entire federal agencies.