Trump made the announcement on social media, fulfilling a promise during the campaign to give Musk sweeping oversight of federal spending.

The move comes after Musk became one of Trump's staunchest supporters, and biggest financial backers, during the last stage of his presidential campaign

Trump in a statement said the two will work to "dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies."

The duo will work to "dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies."

President-elect Donald Trump says Elon Musk and former GOP presidential candidate Vivek Ramaswamy will lead a new “Department of Government Efficiency.”

U.S. President-elect Donald Trump on Tuesday named Elon Musk and former Republican presidential candidate Vivek Ramaswamy to lead a newly created Department of Government Efficiency, rewarding two of Trump's well known supporters from the private sector.

Vivek Ramaswamy, a biotech investor, will work with the SpaceX founder to "drive large scale structural reform", Trump said.

The acronym “DOGE” is a nod to Musk's favorite cryptocurrency, dogecoin. The post Trump says Elon Musk, Vivek Ramaswamy will form outside group to advise White House on government efficiency appeared first on Boston.