Musk and Vivek Ramaswamy — the pharmaceutical mogul and former Republican presidential hopeful — have been picked to lead a brand new agency tasked with "large scale structural reform" of the federal government.

Dogecoin shot higher on Tuesday night after President-elect Donald Trump formally announced the creation of the Department of Government Efficiency.

Trump and Musk are first known to have met privately last year when they discussed a potential buyout of the Truth Social platform, according to The Washington Pos

Donald Trump announced Tuesday that the world's richest man, Elon Musk, will lead a new US "government efficiency" group tasked with cutting federal waste, as the Republican president-elect added a

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Elon Musk is eagerly preparing to join President-elect Donald Trump's administration. During Trump's campaign, the billionaire promised that he would reduce U.S. government spending by at least 2 trillion dollars.

Elon Musk is eagerly preparing to join President-elect Donald Trump's administration. During Trump's campaign, the billionaire promised to reduce U.S. government spending by at least two trillion dollars.