President-elect Donald Trump is tapping Elon Musk to shrink the federal government. The billionaire will co-lead a newly created Department of Government Efficiency with former Republican candidate Vikram Ramaswamy. Trump says they'll slash excess regulation and restructure federal agencies, and has signaled that the new entity will operate outside the confines of government. Its acronym, DoG, references the name of the cryptocurrency Dogecoin that Musk promotes.
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