Doge Financial News

In Silicon Valley, tech leaders are eagerly seeking positions or introductions to the department, even though for now it is not an actual part of government, but a loose grouping that Elon Musk named after an internet meme. On his social media platform, X, Musk posted a «Godfather»-style photo of himself as the «Dogefather,» asking government employees, «What did you get done this week?» And in Washington, a House subcommittee has been announced to help push through President-elect Donald Trump's vision, announced Nov. 12, for a department that would slash the $6.7 trillion federal budget.

Elon Musk's mother, Maye Musk, recently shared insights into the unique dynamic between her son and President-elect Donald Trump. In an appearance on Fox Business' Varney & Co., she discussed the close bond they share, revealing some surprising details about their interactions and their shared vision for America’s future.

Elon Musk has expressed his fear that the US national debt is spiralling out of control and has warned that America is currently headed for bankruptcy super fast. Musk, who has been tasked by President-elect Donald Trump to curb in the excessive US spending, has issued a warning that America could be nearing the verge of bankruptcy. The world's richest man and a close adviser of Trump, Elon Musk has been tasked to spearhead the newly created Department of Government Efficiency (DOGE) under the upcoming Republican administration, to find ways of saving taxpayer dollars. «America is currently headed for bankruptcy super fast,» Elon Musk wrote on X, formerly Twitter, recently. He was responding to a post on the Department of Government Efficiency's X handle that noted «the US Government spent USD 6.16. trillion while only bringing in USD 4.47 trillion» in 2023.

Mick Mulvaney remarked that Elon Musk might find ‘going to Mars is easier’ than reforming the federal budget. According to Business Insider, Elon Musk, who has been appointed as the co-leader of the newly established Department of Government Efficiency (DOGE) alongside Vivek Ramaswamy eventually aims to streamline government operations by reducing the federal workforce and eliminating wasteful expenditures. Also Read: What will Kamala Harris' next move be after she vacates the White House? Here are some options she may be pondering

Vivek Ramaswamy have been appointed by US President- elect Donald Trump to lead the newly announced Department of Government Efficiency (DOGE), aimed at significantly reducing the federal workforce and eliminating numerous regulations. USA Today reported that in a recent op-ed for the Wall Street Journal, they eventually argued that the anticipated reduction in regulations would necessitate fewer federal employees, suggesting large-scale firings and relocations of agencies outside Washington DC. According to USA Today, the duo contends that Donald Trump has the executive authority to nullify many regulations without congressional approval while citing the recent Supreme Court rulings that support their claims. They plan to work with appointees within federal agencies to identify the minimum staffing required for essential functions. Although DOGE is eventually described as a department but it operates more like an advisory commission without formal authority, asserted USA Today.

Subscribe to enjoy similar stories. During his victory speech on election night, Donald Trump touched on most of the standard topics for such occasions. He thanked his supporters and his staff.

Donald Trump has put Elon Musk and Vivek Ramaswamy in charge of finding ways to cut government spending and regulations

Donald Trump announced this past week was an unusual appointment: Elon Musk and Vivek Ramaswamy will lead a newly created Department of Government Efficiency. While Trump has not detailed how the entity will operate, he said in a statement that it would «slash excess regulations, cut wasteful expenditures and restructure federal agencies» and «provide advice and guidance from outside of government.» Conventionally, what outsiders can do in the government has been pretty limited. But with Trump and Musk both known for pushing boundaries, it's not clear what «DOGE» will look like.

Jared Kushner, who is the son-in-law of US President- elect Donald Trump is eventually expected to play a pretty pivotal role in shaping the incoming administration's Middle East policy in spite of not holding an official position, reported CNN. According to CNN, the regional diplomats and Donald Trump allies put an emphasis on Jared Kushner's unique ability to foster trust and maintain relationships with key leaders in the region, which he actually developed during his previous tenure as the Chief Middle East negotiator. Also Read:What will Elon Musk do in the new department DOGE? Trump wants overhaul; here's what could be on the chopping block

US President- elect Donald Trump has recently announced about the creation of a new initiative known as the Department of Government Efficiency (DOGE) which will be led by Elon Musk and Vivek Ramaswamy. According to CNN, the ultimate goal of DOGE is to streamline federal operations and cut significant government spending by at least $2 trillion which is a target that various budget experts have deemed unrealistic. At the same time Elon Musk has eventually acknowledged that achieving these savings might cause ‘temporary hardship’ but insisted that it will lead to a heavy long-term prosperity, reported CNN. On the other hand, while Elon Musk and Vivek Ramaswamy will provide recommendations to the White House, they actually lack direct authority to make spending cuts or regulatory changes. Also Read: Cobra Kai season 6 part 3 release date: What we know about latest update

Elon Musk, the world’s richest man and now tasked with helping Donald Trump’s administration slash government spending, is asking super smart people to come work for him — but only if they can afford to work for free.Musk and Vivek Ramaswamy, who were named to lead of the Department of Government Efficiency (DOGE) under the incoming Donald Trump administration, put out a call for volunteers on Musk’s X platform this week, using the official DOGE account to ask for “super high-IQ small government revolutionaries willing to work 80+ hours per week on unglamorous cost-cutting.”We are very grateful to the thousands of Americans who have expressed interest in helping us at DOGE. We don’t need more part-time idea generators.

Vivek Ramaswamy, along with Tesla CEO Elon Musk, has announced plans for a major reduction in U.S. federal government jobs. Both have been appointed in charge of the newly formed Department of Government Efficiency (DOGE), which aims to streamline government operations. At an event in Mar-a-Lago, Florida on Thursday, Ramaswamy expressed confidence in making significant cuts to the federal bureaucracy.

Department of Government Efficiency (DOGE), created under President-elect Donald Trump's direction and led by Elon Musk and Vivek Ramaswamy, launched a recruitment initiative on Thursday for those interested in joining the effort to reform US government operations. In a post on X (formerly Twitter), DOGE invited applicants to submit their resumes through direct messages on the social media platforms. However, candidates are required to have verification status on X, which comes with a minimum £8 monthly premium subscription. In addition, the department is looking for high IQ individuals who are willing to work over 80 hours a week. «We are grateful to the thousands of Americans who have shown interest in helping us at DOGE,» the post read. «We don’t need part-time idea generators; we need super high-IQ, small-government revolutionaries ready to work 80+ hours a week on unglamorous cost-cutting,» DOGE wrote on the hiring post.

Vivek Ramaswamy has now been handed over the responsibility of cutting government expenses alongside Elon Musk in an all-new department known as 'DOGE-Department of Government Efficiency'. And the first thing that Ramaswamy and Musk are reportedly planning on doing is closing down the FBI that could cut off a majority of unchecked government expenses. He is also thinking of sacking nearly 1.5 million federal employees under his 'shut things down' strategy, which is already raising fear in the hearts and minds of federal workers across the country, according to a previous ET report. Ramaswamy will now have the power to shape the priorities of the new department and it will operate outside of government and provide recommendations to the White House on huge chunks of expenses from the multi-trillion dollar federal budget. This Department of Government Efficiency or DOGE was actually the brainchild of Elon Musk, the billionaire who has become one of Trump’s closest aides throughout the Presidential campaign, and has been constantly rooting for the idea of a cost-cutting commission on the campaign trail.

Dogecoin (DOGEUSD) has been one of the biggest gainers following the election of Donald Trump last week, and the cryptocurrency meme coin got another boost this week when the president-elect announced the creation of a new agency that carries the acronym DOGE.

Subscribe to enjoy similar stories. In the lounge outside Donald Trump’s Mar-a-Lago office, cabinet hopefuls mingle with advisers and friends of the future president. The occasional resort member strolls through.

Elon Musk and Vivek Ramaswamy, two of US President-elect Donald Trump's most famous allies, were the most keenly awaited appointments in his administration. They are going to lead the department of government efficiency (DOGE), one of the most controversial and inscrutable project of Trump. «I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the department of government efficiency (DOGE),» Trump announced. The acronym is a playful nod to Musk’s affinity for the cryptocurrency Dogecoin. The announcement triggered a meme fest on social media. Reacting to Trump's announcement, Musk on X wrote, «Department of Government Efficiency. The merch will be (fire emojis).» Many X users with the help of AI suggested some eye-catchy logos featuring the Shibu Inu dog from the Doge cryptocurrency memes for Musk and Ramaswamy's department which Musk shared on his accounts. Various online surveys and media organisations have acknowledged Doge as one of the most significant Internet memes of the 2010s.

Donald Trump has announced that Tesla CEO Elon Musk and Indian-American entrepreneur Vivek Ramaswamy will head the new Department of Government Efficiency (DOGE). Trump revealed the appointment on Tuesday, saying, “I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (DOGE).” Ramaswamy will make history as the first Indian-American to join Trump’s administration, starting January 20 next year. In his statement, Trump explained that Musk and Ramaswamy would help his administration tackle government bureaucracy by cutting unnecessary regulations, reducing wasteful spending, and restructuring federal agencies. This, Trump said, is crucial for the «Save America» movement.

Donald Trump on Tuesday announced that Tesla owner Elon Musk and Indian American entrepreneur Vivek Ramaswamy will lead the Department of Government Efficiency or DOGE. «I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (DOGE),» Trump announced. Ramaswamy is the first Indian American to have been tapped by Trump into his administration beginning January 20 next year. «Together, these two wonderful Americans 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,» he said.

Dogecoin experienced a dramatic surge, rising nearly 45% to $0.4037 in the past 24 hours. This rally adds to its impressive growth of 145% since Donald Trump's victory in the 2024 US presidential election. The memecoin’s recent performance has surpassed that of major blue-chip cryptocurrencies like Bitcoin, which rose 30.5%, and Ethereum, which increased 40% over the past week. Analysts attribute Dogecoin’s recent surge not only to positive market sentiment but also to strong support from high-profile figures like Elon Musk. His public endorsements and tweets backing Dogecoin and Trump have played a critical role in driving investor interest and demand.

Subscribe to enjoy similar stories. Lessons from the Elon Musk School of Management shed light on how the billionaire will go about slashing government spending in a new Trump White House. Little is known about how exactly President-elect Donald Trump will use the world’s richest man in his coming administration beyond proposing to appoint him to a new government efficiency commission, as “secretary of cost-cutting." When it comes to finding efficiencies in his companies, Musk has a long history of taking a shock-and-awe approach, as when he worked to turn SpaceX and Tesla into industry-leading companies from startups that he often said had less than a 10% chance of success.