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, wasteful spending, and restructure federal agencies, endorsed by President-elect Donald Trump. Despite being unofficial, DOGE will operate independently from the government system and will not receive government funds. Musk and Ramaswamy, along with other billionaires, plan to recruit high-IQ individuals to work on cost-cutting measures. The initiative's goal is to streamline government operations by providing advice on reducing regulations and spending. Musk and Ramaswamy have differing views on the extent of budget cuts, but both agree on reducing government employees and agencies. The initiative has sparked interest and support, with Musk and Ramaswamy planning a podcast to update on their progress. Read more AI-generated news on: https://app.chaingpt.org/news