Elon Musk to lead Department of Government Efficiency

President-elect Donald Trump has tapped Tesla (TSLA) CEO Elon Musk and former Republican presidential candidate Vivek Ramaswamy to lead his proposed Department of Government Efficiency (DOGE), an initiative focused on curbing and reducing federal spending across agencies. Yahoo Finance legal reporter Alexis Keenan explains the specific powers and limitations this initiative will have compared to official government agencies.
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