Trump named Elon Musk and Viveka Ramaswamy as heads of the new Department of Government Effectiveness, or DOGE.
DOGE is also another name for the Dogecoin cryptocurrency, whose public server is Elon Musk. After Trump’s victory, the Dogecoin rate increased by 78%. Now 1 DOGE costs $0.38.
The new department will operate “outside government” and collaborate with the White House and the Office of Management and Budget. Musk and Ramaswamy will hold their positions until July 4, 2026.
Previously, Musk proposed cutting government spending by at least $2 trillion. Experts at The Washington Post said this would be “virtually impossible” unless the defense budget and social program were affected. Musk acknowledged that the cuts could have serious and short-term financial consequences for the US economy. [The Verge]
Source: Iphones RU
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