The Department of Government Efficiency (DOGE), co-led by Elon Musk and Vivek Ramaswamy, is a new U.S. government initiative aimed at drastically reducing federal spending under President-elect Donald Trump. Originally proposed as a joke on Twitter, DOGE is now endorsed to tackle wasteful expenditures and streamline federal agencies. It will function outside of traditional government structures, likely without direct congressional funding. The initiative's leaders have varying views on the extent of spending cuts, with Musk suggesting a reduction of $2 trillion and Ramaswamy proposing cuts to 75% of the federal workforce. DOGE aims to roll back regulations while potentially eliminating several federal agencies, including the Department of Education and the FBI. The project will run until July 4, 2026, and will be staffed by high-IQ individuals willing to work long hours without pay. Its name playfully references Dogecoin, reflecting Musk's longstanding association with the cryptocurrency, which has seen heightened interest following this announcement.

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