Market
Primary focus of first DOGE report by September 30, 2025?
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Donald Trump•Department of Government Efficiency•DOGE•Elon Musk•Vivek Ramaswamy•Trump•Musk•Ramaswamy•Senate DOGE Caucus
Resolution / Starting Odds
Workforce Reduction • 25%
Regulatory Burden Reduction • 25%
IT Modernization • 25%
Spending Reduction • 25%
Content of the first DOGE report published by the Office of Management and Budget
Story
Trump's First Executive Order to Establish Department of Government Efficiency Led by Musk and Ramaswamy
Jan 20, 2025, 02:04 PM
President-elect Donald Trump has announced plans to sign one of his first executive orders to establish the Department of Government Efficiency (DOGE), aimed at reducing waste in the federal bureaucracy. The new department will be co-led by Elon Musk and Vivek Ramaswamy, who have been tasked with overseeing a substantial reduction in the size and scope of government. The initiative includes updating federal software systems to meet private-sector standards and modernizing information technology across government agencies. Trump's executive order also mandates that every federal agency establish its own 'DOGE team' to work with the Office of Management and Budget to shrink the federal workforce, federal spending, and regulatory burdens. Musk and Ramaswamy have already engaged with lawmakers, leading to the formation of the Senate DOGE Caucus.
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