President-elect Donald Trump has announced a new initiative led by Elon Musk and entrepreneur Vivek Ramaswamy, called the Department of Government Efficiency (DOGE). The initiative aims to reduce the federal budget deficit by easing redundant regulations, cutting unnecessary spending, and restructuring federal agencies.
The name "DOGE" matches the symbol for Musk's favorite cryptocurrency Dogecoin, which has sparked widespread interest, but full details of the project have yet to be announced.
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