President-elect Donald Trump announced the formation of a new Department of Government Efficiency, led by billionaire Elon Musk and entrepreneur Vivek Ramaswamy. The initiative aims to implement major structural reforms, cutting unnecessary government spending and bureaucracy. Trump likened the effort to a modern-day Manhattan Project, expressing confidence that the team will streamline federal services before the 250th anniversary of the Declaration of Independence in 2026. Ramaswamy, a former presidential candidate, has pledged to support radical budget cuts, including abolishing agencies such as the Department of Education and reducing the federal workforce significantly.

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