Market Data 
- Donald Trump has tapped Elon Musk and Vivek Ramaswamy to lead the Department of Government Efficiency.
- The advisory group is aimed at reducing federal spending and cutting waste.
- Several notable tech figures have already been linked to DOGE.
Donald Trump has picked Elon Musk and businessman Vivek Ramaswamy to lead the Department of Government Efficiency, also known as DOGE — and they appear to be tapping into their network of Silicon Valley contacts to make it happen.
The department is set to be an advisory group outside the Trump administration that will seek out ways to cut costs and curb federal spending.
Although Musk has said he wants to cut $2 trillion from the federal budget to make it more efficient, under current law, Congress must approve most budget changes, which limits DOGE’s power.
Musk has already reportedly been consulting Silicon Valley leaders about the advisory group. These are the tech figures that have already been linked to DOGE.
