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Details about how the newDepartment of Government Efficiency, or DOGE, will operate – and how Musk and his co-leader Vivek Ramaswamy will avoid conflicts of interest – remain scarce. But the duo has spoken openly about areas of the government they’d like to see altered, while Trump and Republican lawmakers have a long list of programs and operations they’d like to reform.

It’s important to note that while Trump has promised that the initiative will make “drastic changes,” Musk and Ramaswamy will not have any direct power to make spending cuts, regulatory changes or other moves. The group will exist outside of the government and will likely serve to make recommendations to the White House for the president’s annual budget, which outlines the president’s vision but Congress is not required to follow.

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“We, just as a country, obviously, we need to live within our means,” said Musk,who owns X and is CEO of Tesla and SpaceX. “So that means just looking at every line item, every expense and saying, ‘Is this necessary at all?’”

“That necessarily involves some temporary hardship, but it will ensure long-term prosperity,” said Musk.

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On the campaign trail, he said he would get rid of up to 75% of the federal workforce. About 2.3 million civilians are employed by the federal government, with nearly 60% working for the Departments of Defense, Veterans Affairs and Homeland Security.

“Hordes of unelected bureaucrats stifle innovation and ignore the voted desires of the American people,” Ramaswamy wrote in a white paper.

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“DOGE is going to need hundreds of people to pull this off. It won’t just be Elon and Vivek,” said Moore, who is not involved in the effort.

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Larry Summers, a former Treasury secretary in the Clinton administration, and Glenn Hubbard, a former US Council of Economic Advisers chairman in the George W. Bush administration, both poured cold water on the idea at an event on Tuesday.

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“$2 trillion per year is such an absurdly large number, it’s impossible,” Kogan said, noting that more than 70% of federal government spending (not including interest payments) consists of payments to individuals, such as Social Security, Medicare, Medicaid and other aid programs. “You could only propose $2 trillion a year if you are not interested in living within reality or if you are completely callous to the major harmful effects that doing that would entail.”

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“Additional savings beyond that becomes more of an ideological project focused on killing programs you dislike rather than making them more efficient,” wrote Riedl, who also worked for Republican presidential candidates and as chief economist for former GOP Sen. Rob Portman of Ohio. “Trump’s ‘Department of Government Efficiency’ will not be an actual department. It will not likely even be a White House office. It will likely be a private effort that writes a report and sends it to the White House & Congress. Nothing more.”

Congressional Republicans have repeatedly targeted certain government programs and operations for cuts, many of which were also included inProject 2025, the conservative blueprint published by the Heritage Foundation that Trump distanced himself from.

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“The only way to get significant savings anywhere close to the dollar levels that Republicans have put forward is to take health care away from people,” she said.

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genus prime infra limited (532425) signs major deal ✌️【Free Access】✌️ Gain access to professional investment advice, free market trend analysis, and real-time stock market data. Make informed decisions and unlock the full potential of your investments with expert predictions and guidance. The commission presented more than 2,500 recommendations to Reagan and Congress, but most – particularly those that required legislation – were never implemented, G. William Hoagland, a Bipartisan Policy Center senior vice president who served as a staffer for Senate Republicans for 25 years,wrotefor the Peter G. Peterson Foundation last year.

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“It’s quite arduous getting regulatory approval,” Musk said while discussing hisNeuralink startupthat develops implantable brain-computer interfaces. “It does slow us down, and I think we should be able to go faster in the US with advancing Neuralink technology and other technologies that are out there unrelated to my company.”

Legal experts told 【 - Free Daily Stock Market Updates 】 that the government efficiency entity, based on what’s known about it so far, will likely be covered by a federal law requiring transparency and a balance of views on such advisory commissions.

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“FACA is typically when the president sets up a commission to look at particular issues of interest and concern and so this does seem like FACA-like,” said Jon Greenbaum, a lawyer who was involved in FACA litigation during the first Trump term and founder of the legal advisory firm Justice Legal Strategies.

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“The idea that you can just say, ‘I am going to give my two wealthy friends the power to reshape government and they can do it in secret,’ that’s not how it works,” said Harry Sandick, another lawyer who sued the Trump voter fraud commission on behalf of a Democratic commissioner who said he was cut out of the commission’s work.

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