The acronym “DOGE” is a nod to Musk's favorite cryptocurrency, dogecoin. The post Trump says Elon Musk, Vivek Ramaswamy will form outside group to advise White House on government efficiency appeared first on Boston.

The move comes after Musk became one of Trump's staunchest supporters, and biggest financial backers, during the last stage of his presidential campaign

The appointment fulfils a promise Mr Trump made to the tech billionaire after he endorsed him in the race for the White House.

US President-elect Donald Trump has named Elon Musk to lead a so-called Department of Government Efficiency alongside American entrepreneur Vivek Ramaswamy

These two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” said Donald Trump in a statement.

President-elect Donald Trump on Tuesday night announced Elon Musk will help lead an effort to cut government regulations and slash spending, making good on a campaign pledge to put the Texas billionaire who spent $119 million to get him elected in charge of the so-called “Department of Government Efficiency.

Fox News host Laura Ingraham has the latest as President-elect Trump's second administration begins to take shape on 'The .'