President-elect Donald Trump announced Elon Musk and Vivek Ramaswamy to lead a new 'Department of Government Efficiency'.

The initiative aims to provide advice and guidance from outside the government to drive structural reform and create an entrepreneurial approach to government.

Musk and Ramaswamy's work is expected to conclude by July 4, 2026, with the goal of achieving a smaller, more efficient government.

Ramaswamy withdrew from consideration for an Ohio Senate seat and endorsed Trump after dropping out of the GOP presidential race.

Musk endorsed Trump and supported his campaign through rallies and financial contributions to swing-state residents.