00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Department of Government Efficiency has now become a
00:04Musk-led initiative operating within the federal government under President Trump.
00:08Doge was initially conceived as a joint effort by Elon Musk and Vivek Ramaswamy
00:13and intended to be an independent outside entity. Its mission has shifted to focus
00:17on modernizing federal technology and achieving spending cuts. Tensions between Musk and Ramaswamy
00:22were fueled by philosophical differences. Their relationship further strayed due to Ramaswamy's
00:27outspoken public commentary. President Trump's executive order established Doge within the
00:32executive branch, renaming the United States Digital Service as the United States Doge Service.
00:36For all things money, visit Benzinga.com slash GSTV.
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