Official announcements from the U.S. Department of the Treasury or relevant legislative changes

Trump Appoints Musk and Ramaswamy to Lead DOGE Panel Aimed at Reducing Federal Spending and Government Size

Dec 21, 2024, 06:35 PM

President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to co-lead a new advisory panel named the Department of Government Efficiency (DOGE). The panel's mandate is to reduce federal spending and the size of the government. Musk and Ramaswamy aim to scrutinize federal expenditures, with plans to cancel programs that do not provide value for taxpayers' money. They have expressed intentions to target remote work, remove political appointees, and consider significant reforms such as abolishing the IRS, ending the Federal Reserve, cutting humanitarian aid, privatizing mail services, and defunding organizations like Planned Parenthood, which aligns with broader efforts to reduce what they perceive as wasteful spending.