Elon Musk Appointed to Lead New U.S. Government Efficiency Department, Pledges Unprecedented Cost-Cutting and Transparency

Elon Musk, the world’s richest man and CEO of companies like SpaceX and Tesla, has been appointed by President-elect Donald Trump to head the newly formed U.S. Department of Governmental Efficiency. Announced last night (12), this new cabinet-level role aims to streamline federal operations and reduce government spending. Musk revealed that he plans to lead with “maximum transparency” and set a bold target to cut up to $2 trillion in federal expenses.

In his first statement about the role, Musk emphasized that the department will keep Americans informed every step of the way. “All department actions will be published online, allowing citizens to monitor, in real time, what’s being done to lower government costs,” he said. Adding his signature irreverence, Musk teased the introduction of a “taxpayer waste ranking,” highlighting the government’s most unnecessary expenditures. “It will be both tragically amusing and incredibly revealing,” he remarked.

The 52-year-old billionaire has committed to slashing federal red tape and eliminating wasteful spending, a strategy he says could free up trillions of dollars for higher-priority areas. Musk’s involvement is already drawing widespread attention and is expected to introduce Silicon Valley-style efficiencies to Washington’s bureaucratic landscape.