What We're Watching

Trump tasks Musk, Ramaswamy to take on government efficiency

Tesla CEO and X owner Elon Musk speaks as Republican presidential nominee and former U.S. president Donald Trump reacts during a rally at the site of the July assassination attempt against Trump, in Butler, Pennsylvania, U.S., October 5, 2024.
Tesla CEO and X owner Elon Musk speaks as Republican presidential nominee and former U.S. president Donald Trump reacts during a rally at the site of the July assassination attempt against Trump, in Butler, Pennsylvania, U.S., October 5, 2024.
REUTERS/Carlos Barria

Donald Trump on Tuesday tapped Elon Musk, the richest person on the planet, and former GOP presidential candidate Vivek Ramaswamy to lead an effort to improve government efficiency.

The president-elect said they will lead the "Department of Government Efficiency,” though a new federal agency cannot be created without an act of Congress. It’s unclear precisely how the so-called agency will function, but Trump said it will “provide advice and guidance from outside of Government.”

The move raises immediate questions about conflicts of interests, particularly given the billions Musk’s companies receive in the form of lucrative government contracts. Musk’s companies have also recently been targeted by the federal government in at least 20 separate investigations or lawsuits.

We’ll be watching to see how this efficiency department takes shape, and whether there is any major pushback on Capitol Hill.

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