Unlike an official government department, the Department of Government Efficiency will be led by Elon Musk and Vivek Ramaswamy as an advisory commission.
Musk states that he believes such a commission could reduce the US federal budget by 2 trillion dollars.
JPMorgan Chase CEO Jamie Dimon has supported this idea.
Some commentators are questioning whether DOGE represents a conflict of interest for Musk, given that his companies are contractors for the federal government.
News Source: 12punto