According to BlockBeats, U.S. President-elect Donald Trump announced on November 15 that a government efficiency task force led by Elon Musk will release a report on its efforts to streamline the U.S. government. Trump made this announcement during a speech at Mar-a-Lago in Florida, stating that the task force will produce an individual report, culminating in a comprehensive final report.

This marks the first time Trump has provided new details about the task force's report since its announcement earlier this week. On Tuesday, Trump stated that the task force would offer advice and guidance from outside the government to streamline operations, cut regulations, reduce spending, and reorganize federal agencies. Both Trump and Musk have indicated that the task force aims to significantly cut the budget. However, it is important to note that the U.S. Constitution grants Congress the authority over the federal budget, meaning Congress can choose to accept or disregard recommendations from external groups such as the proposed efficiency task force.