Trump announces Elon Musk, Vivek Ramaswamy to lead new ‘Department of Government Efficiency’

President-elect Donald Trump continued to fill his administration at breakneck speed Tuesday night, tapping SpaceX and Tesla CEO Elon Musk and biotech entrepreneur Vivek Ramaswamy to head up a new “Department of Government Efficiency.”

Despite the name, Trump clarified in a statement that the Musk-Ramaswamy effort would “provide advice and guidance from outside of Government” in tandem with the White House and its Office of Management & Budget “to drive large scale [sic] structural reform, and create an entrepreneurial approach to Government never seen before.”

The president-elect, 78, likened the effort to the Manhattan Project that produced the atomic bomb and quoted Musk, 53, as saying: “This will send shockwaves through the system, and anyone involved in Government waste, which is a lot of people!”

“Together, 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 – Essential to the ‘Save America’ Movement,” Trump added.

Musk and the 39-year-old Ramaswamy, who unsuccessfully challenged Trump for the 2024 Republican nomination, were widely rumored to be teaming up on whatever venture the president-elect decided for them.

One source familiar with the Trump transition team’s workings told The Post Tuesday that Ramaswamy had “been with Elon all week” since the 45th president won a second non-consecutive term by defeating Vice President Kamala Harris.

This is a developing story. Check back for more updates