US President-elect Donald Trump , on Wednesday, officially announced the establishment of Department of Government Efficiency or DOGE meant to cut government spending and curtail regulations. Trump has endorsed DOGE as the "Manhattan Project of our time." Its primary mission is to reduce government bureaucracy, eliminate unnecessary regulations, and cut wasteful spending.

pic.twitter.com/Vnk4MCAofY — Elon Musk (@elonmusk) November 13, 2024 DOGE will be led by SpaceX CEO Elon Musk and former Republican presidential candidate Vivek Ramaswamy.

In an official statement, Trump said that "They will work together to liberate our economy, and make the US government accountable to 'WE THE PEOPLE'. Their work will conclude no later than July 4, 2026." LISTEN: Elon Musk explains how the Department of Government Efficiency (DOGE) will give power back to the people: "They seem to forget the money being spent is YOUR MONEY and if it's not being spent in a way that's beneficial to the American people, it's a misuse of funds.

" pic.twitter.com/hmu2ZuRlbn — Benny Johnson (@bennyjohnson) October 17, 2024 The department's objective will be 'dismantling' government bureaucracy, slashing excess regulation and eliminating wasteful expenditure.

"A smaller government, with more efficiency and less bureaucracy, will be the perfect gift to America on the 250th Anniversary of The Declaration of Independence. I am confident they will succeed!" Trump said. ALSO SEE: Donald Trump Makes DOGE Official: E.