📢Official Announcement: Musk Appointed as Dog Minister
Trump announced that Musk and Vivek Ramaswamy will establish the Dog Department (Department of Government Efficiency or $DOGE ) to reform government efficiency.
Statement Highlights:
1. Tasks: Their primary roles will focus on eliminating bureaucracy, reducing regulations, cutting budgets, and restructuring agencies, forming a "Development and Reform Commission" for Trump’s reforms.
2. Reform Vision: Dubbed the "Manhattan Project" of this era, the Dog Department aims to help the White House and Office of Budget Management with structural reforms, infusing an entrepreneurial spirit.
3. Goals for the People: Musk and Vivek are tasked with improving government efficiency and creating a better life for Americans, addressing waste and fraud in the $6.5 trillion annual expenditure.
Trump set a goal for Musk to achieve a streamlined government by July 4, 2026, in time for America's 250th anniversary.
About Vivek: An entrepreneur and Yale graduate, Vivek founded Roivant Sciences, a pharmaceutical company with annual profits of $125 million and a market value exceeding $6 billion. Despite no political experience, Vivek identifies as an outsider, like Musk.
The news boosted Dogecoin’s price to $0.4, a new high for the year.
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