Announced this week by Donald Trump, what will the Department of Government Efficiency (DOGE) led by Elon Musk and Vivek Ramaswamy look like? Here are our answers.
What to expect from the Department of Government Efficiency (DOGE)?
This week, Donald Trump announced the creation of a future Department of Government Efficiency (DOGE)which will be led by Elon Musk and former Republican candidate Vivek Ramaswamy.
The objective of this project is ambitious: to find 2,000 billion dollars in savings in government spending estimated at 6,500 billion dollars per year. This therefore augurs drastic cuts, although it is not yet very clear how these will be carried out.
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What seems certain, however, is that DOGE will not be a ministry strictly speaking. And for good reason, departments, in the American sense of the term, can only be created or dissolved by Congress. While it would be surprising if Congress approved such an initiative, DOGE's mission is expected to end no later than July 4, 2026, the 250th anniversary of the United States.
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Thus, the DOGE could instead take the form of a federal advisory committee, the creation of which can actually be enacted by decree of the president.
Bloomberg also highlights the status of special government employee, allowing an outside person to work for the White House or a federal agency for up to 130 days, with or without pay. This could nevertheless create friction in terms of conflicts of interest, especially regarding Elon Musk's activities at the head of his companies.
Among the avenues considered to reduce public spending, Elon Musk reportedly told Republican Representative Darrell Issa that he wanted to tackle fraud in the Medicare health system. For his part, Donald Trump would consider giving the power to finance the school system to local authorities rather than to the Ministry of Education.
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For the moment, the concrete functioning of the Department of Government Efficiency therefore still remains unclear and future arrangements should become clearer after the inauguration of Donald Trump on January 20.
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Source: Bloomberg
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Since 2021, I have devoted my free time to seriously educating myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyzes on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
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