President-elect Trump has since announced that Musk, alongside businessman and former presidential candidate Vivek Ramaswamy, will lead an entirely new federal agency called the Department of Government Efficiency (DOGE), with the purpose of significantly reducing the size of the federal government over the course of the next two years. The agency plans to complete its work by July 4th, 2026, which will be the 250th anniversary of the founding of the United States.
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