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Subscribe to enjoy similar stories. Elon Musk and Vivek Ramaswamy plan to whip the American state into shape. On November 14th their newly created Department of Government Efficiency (DOGE) announced that it wants to hire “super-high-IQ small-government revolutionaries" to work on cost-cutting.

Silicon Valley executives to help introduce this innovative approach aimed at reducing federal government costs. By leveraging DOGE, Musk hopes to revolutionize the way government departments operate while offering a new, more efficient method to tackle public sector spending.

Subscribe to enjoy similar stories. Elon Musk reiterated that his Department of Government Efficiency will try to cut $2 trillion from federal spending, but he said they may not reach that goal. “I think if we try for $2 trillion, we’ve got a good shot at getting one," Musk said Wednesday in a conversation with Mark Penn, chairman and chief executive of ad company Stagwell, that was livestreamed on Musk’s social-media platform X.

Elon Musk’s deputy Steve Davis has spent more than 20 years helping the billionaire cut costs at businesses like SpaceX, the Boring Company and Twitter — making the engineer by training a natural choice for his new role at Musk’s Department of Government Efficiency, or DOGE for short.

Rep. Bill Huizenga, R-Mich., discusses DOGE's influence on Congress and Elon Musk's role in Trump's White House on 'Varney & Co.'

Elon Musk claims that Wikipedia's $1 billion offer still stands. Elon Musk's outlandish plan to pay $1 billion to rename Wikipedia is still on the table. In response to a post that said, «Wikipedia is not for sale,» Musk made the offer, adding that it would be in effect for at least a year.

Miller, wife of Trump's designated homeland security adviser Stephen Miller, will join Trump's Department of Government Efficiency (DOGE), an informal advisory body that Trump has said will enable his administration to «slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.» «Katie Miller will soon be joining DOGE! She has been a loyal supporter of mine for many years, and will bring her professional experience to Government Efficiency,» Trump posted in a message on his social media platform Truth Social.

Subscribe to enjoy similar stories. The payloads SpaceX launches into the heavens for the U.S. military and spy agencies are usually treated as a government secret, shared only with select employees at the rocket company who hold special security clearances.

Elon Musk. A day after Musk became the first person to surpass $400 billion net worth, Tesla's stock price reached $420 on Wednesday afternoon which prompted responses from social media users and the company's CEO, Elon Musk. «As foretold in the prophecy,» Musk wrote in an X post that included a screenshot of the stock. Tesla stock has reached the threshold previously, but today marked the first time the share price crossed the $420 threshold since the stock split in August 2022.

Department of Government Efficiency (DOGE) under US-President elect Donald Trump's administration is already making waves. Headed by tech billionaire Elon Musk and entrepreneur Vivek Ramaswamy, DOGE aims to cut wasteful government spending and eliminate excessive regulations by the 250th anniversary of the United States. Musk, now Trump's closest ally, has warned Republicans against standing in Donald Trump’s way – or his, reports news agency AP. Musk, who recently visited Capitol Hill with Ramaswamy, the two issued a warning to Republicans who do not go along with their plans to slash spending as part of the president-elect’s proposed DOGE. ALSO READ: What is Willow? Google's quantum computing chip explained in 10 points

Elon Musk and Vivek Ramaswamy to lead the newly formed Department of Government Efficiency (DOGE) to streamline government regulations and reduce spending. Recently, Elon Musk and Vivek Ramaswamy visited Capitol Hill to discuss their newly-announced advisory team that will cut regulations and spending within the federal government. Visuals from the Capitol visit showed the two billionaires smiling as they prepare to take on their new roles. The two billionaires appeared optimistic and ready for their new roles, smiling as they made plans for the future. ALSO READ:Trump, Jill Biden 'absolutely in love', say netizens as their friendly banter at Notre Dame re-opening goes viral

Vivek Ramaswamy, who is co-heading proposed Department of Government Efficiency, had a controversial past with billionaire Elon Musk. Ramaswamy has a lengthy history of attacking Musk's ties to China, frequently referring to his partner's as a «circus monkey», and a puppet for the Chinese Communist Party, reports the CNN. Ramaswamy also criticized Tesla's investments and Musk’s comment on Taiwan. He argued the Tesla CEO was pandering to the Chinese Communist Party for business benefits, such as regulatory approvals and tax breaks. Ramaswamy’s critiques, reviewed by CNN’s KFile, include pointed remarks about Musk’s 2022 suggestion that Taiwan should become a special administrative region of China. ALSO READ: US stares at billions in losses as China bans exports of these rare minerals. All you need to know

Trump gathered his top advisers in the tearoom at his Florida resort, Mar-a-Lago, to plan the transition to his second-term government. Trump had brought two of his most valued houseguests to the meeting: billionaire Tesla boss Elon Musk and billionaire Oracle co-founder Larry Ellison. Trump looked around the conference table and issued a joking-not-joking challenge. «I brought the two richest people in the world today,» Trump told his advisers, according to a person who was in the room. «What did you bring?»

It’s DOGE time at the U.S. Capitol

OpenAI CEO Sam Altman is locked in a legal dispute with rival Elon Musk

Subscribe to enjoy similar stories. Leading members of the US political and economic establishment are either ecstatic or nervous about Donald Trump’s second term, depending on their respective world-views. Many imponderables cloud the horizon, given some of the unknown quantities in the Trump cabinet or the difficulty in predicting the gap between pre-poll rhetoric and actual policy roll-out.

Elon Musk has been pivotal in the overall election campaign of Donald Trump in the US Presidential polls, where the billionaire candidate emerged victorious against a tricky opponent, Kamala Harris of the Democratic Party. Right after the epic win by Trump, the President-elect announced that he will be forming a separate federal department which would focus on tackling excess government spends, and plan on curbing them. Trump also said that Tesla CEO Elon Musk and Vivek Ramaswamy will beheading this department, known as the 'DOGE: Department of Government Efficiency'.

Subscribe to enjoy similar stories. The idea of ‘small government’ has long held totemic appeal on the American Right, especially after Ronald Reagan ran a charm offensive in the 1980s to reposition government as a problem rather than solution.

Subscribe to enjoy similar stories. Elon Musk’s influence over federal spending will flow through a White House budget office that helps develop regulations that affect his business empire. President-elect Donald Trump has asked Musk, chief executive officer of Tesla and SpaceX, and Vivek Ramaswamy, the biotech entrepreneur who ran for president, to open a Department of Government Efficiency that will suggest ways to cut spending.