President-elect Donald Trump recently named billionaire entrepreneur Elon Musk and former GOP presidential candidate Vivek Ramaswamy as the heads of a new initiative to overhaul federal government operations, which will be called the Department of Government Efficiency.

In his announcement, Trump highlighted the duo’s combined potential to dramatically reshape the U.S. government, reducing unnecessary bureaucracy and rethinking federal agency structures.

Trump likened this effort to a modern-day “Manhattan Project,” stressing the monumental scope of the proposed changes.

He stated that the agency, informally referred to as “DOGE,” aims to accomplish long-held Republican goals of cutting through red tape and making the government more responsive to American citizens.

Elon Musk, known for revolutionizing industries with companies like Tesla and SpaceX, is no stranger to large-scale innovation.

His involvement signals a shift toward a more business-minded approach to government, one where entrepreneurial principles could lead to streamlined processes and reduced spending.

Meanwhile, Vivek Ramaswamy, who recently campaigned on promises of shaking up Washington’s status quo, brings a fresh perspective on political reform.

Together, Musk and Ramaswamy are expected to focus on eliminating waste and inefficiency in the federal government’s $6.5 trillion budget, targeting areas of excessive spending and operational waste that have long been sources of frustration for Americans.

In his announcement, Trump emphasized that Musk and Ramaswamy will collaborate closely with the White House and the Office of Management and Budget.

The goal is not just to reduce spending but to reinvent government systems in a way that serves the American people more effectively.

Trump expressed confidence in their ability to bring “advice and guidance from outside government,” leveraging their combined experience in both the private sector and political realms.

He envisions a streamlined government that prioritizes accountability to taxpayers.

Beyond cutting costs, the president-elect hopes this effort will empower American businesses and workers by reducing burdensome regulations that often slow economic growth.