"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'). 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," Trump said in a statement.
The department is set to become the Manhattan Project of our time, he added.
"This will send shockwaves through the system, and anyone involved in Government waste, which is a lot of people!" Trump quoted Musk as saying.
The department will provide guidance from outside of the US government and will work together with the White House and the US budgetary authorities to "drive large scale structural reform, and create an entrepreneurial approach to Government never seen before," the statement read.
"I look forward to Elon and Vivek making changes to the Federal Bureaucracy with an eye on efficiency and, at the same time, making life better for all Americans. Importantly, we will drive out the massive waste and fraud which exists throughout our annual $6.5 Trillion Dollars of Government Spending. They will work together to liberate our Economy, and make the U.S. Government accountable to 'WE THE PEOPLE,'" Trump continued.
Musk's and Ramaswamy's work is set to be concluded before July 4, 2026, he added.