Elon Musk and Vivek Ramaswamy said the government efficiency panel U.S. President-elect Donald Trump has named them to lead will follow recent U.S. Supreme Court rulings that they say can be used to take power away from federal agencies and reduce regulations the two call unnecessary, costly and inefficient.
Musk, the billionaire CEO of Tesla and SpaceX, and Ramaswamy, a former Republican presidential candidate and the founder of biotech firm Roivant Sciences, will head a panel of outside advisers to make recommendations concerning the federal government. They want to greatly reduce the size of the federal workforce and to wipe away many existing regulations.
Given the ambitious claims made by Musk, Ramaswamy and Trump about the panel's ability to transform the U.S. government, the effort has received widespread publicity and interest in how it will operate.
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