Musk and Ramaswamy Appointed to Cut Government Spending

Vivek Ramaswamy and Elon Musk have been appointed as co-chairs of the new Department of Government Efficiency (DOGE) under President-elect Donald Trump, tasked with proposing cuts in government spending. Their focus includes actions taken by the outgoing Biden administration, such as a $6.6 billion loan to Rivian, a competitor to Musk's Tesla. Despite previous tensions, Ramaswamy and Musk have committed to a unified approach in their advisory roles. Musk has raised alarms about the rising U.S. national debt and suggested radical measures, including a crypto-inspired approach to reduce spending. The DOGE commission is advisory, and only Congress can enact the proposed cuts. This collaboration highlights potential conflicts due to Musk's businesses benefiting from government contracts, which they aim to scrutinize.