Elon Musk and entrepreneur Vivek Ramaswamy are set to lead the Department of Government Efficiency (DOGE), a new U.S. government initiative focused on reducing the federal budget deficit. DOGE aims to cut regulations, eliminate wasteful spending, and restructure federal agencies, as endorsed by President-elect Donald Trump. Despite being unofficial, DOGE will operate independently from the government system and will not receive government funding. Musk and Ramaswamy, along with other tech leaders, plan to recruit high-IQ individuals to work on cost-cutting measures. The initiative has gained support from GOP lawmakers forming the DOGE Caucus to advocate for its directives in Congress. Musk and Ramaswamy have differing views on budget cuts, but both agree on reducing government waste. The duo also intends to launch a podcast, the 'DOGEcast,' to provide updates on their progress. Musk's involvement with DOGE has also boosted the value of Dogecoin, a meme cryptocurrency he favors. Read more AI-generated news on: https://app.chaingpt.org/news