DOGE: What Can Musk's Department of Government Efficiency Actually Do?

U.S. President-elect Donald Trump plans to streamline the federal bureaucracy and may eliminate at least one federal department. To achieve this, he is establishing the Department of Government Efficiency (DOGE), a name conceived by billionaire Elon Musk in homage to the digital.

So far, no more information about this new department has been revealed. But based on Bloomberg's assumptions and analysis, the general picture of the department may become a lot clearer, and here is a distillation of the key functions and information about the DOGE.