Connect with us

Hi, what are you looking for?

Economy

Elon Musk efficiency panel seeks ‘high IQ’ staff, plans livestreams

WASHINGTON (Reuters) – Elon Musk’s government efficiency panel wants “high IQ” employees and plans weekly livestreams, according to X posts about President-elect Donald Trump’s initiative to streamline the U.S. bureaucracy.

Trump named Musk, the billionaire CEO of Tesla (NASDAQ:TSLA), and former Republican presidential candidate Vivek Ramaswamy to lead the panel on Tuesday. Their mission is to propose dramatic cuts to the federal workforce, regulations and spending.

Given the ambitious claims made by Musk and Trump about the panel’s ability to transform the U.S. government, the group has received widespread publicity and interest in how it will operate.

Ramaswamy said on X on Friday that the weekly livestreams will begin soon. Before last week’s presidential election, Ramaswamy, a pharmaceutical entrepreneur, and Musk spoke about government and American culture in live broadcasts on X, which is owned by Musk.

The two on Thursday solicited resumes from “super high-IQ small-government revolutionaries willing to work 80+ hours per week on unglamorous cost-cutting.” The appeal was posted on X by a new account for the efficiency panel.

In a Thursday evening speech at his Mar-a-Lago resort in Florida, Trump said that the body will issue individual reports on its work and “a big one” at the end, which is slated for July 4, 2026.

Ramaswamy has spoken frequently about the parts of the U.S. government where he sees a need for extensive change.

For example, he said on X on Friday there is too much bureaucracy leading to less innovation and higher costs at the Food and Drug Administration, the Nuclear Regulatory Commission and “countless other 3-letter agencies.”

It was not clear whether the panel would be an official government body or an outside advisory group. Federal commissions are required to hold public hearings.

Congress has power over the federal budget under the Constitution so any major spending cuts would need its approval.

This post appeared first on investing.com






    You May Also Like

    Editor's Pick

    Sen. JD Vance (R-Ohio) and Minnesota Gov. Tim Walz (D) will face off Tuesday night at a CBS News vice-presidential debate in New York....

    Latest News

    A North Korean defector who escaped to the South more than a decade ago was detained after attempting to cross back into North Korea...

    Economy

    A U.N. human rights group confirmed Hamas’ leader in Lebanon, who was recently killed by Israeli strikes, was their employee.  Fateh Sherif was killed...

    Investing

    Astron (ASX:ATR) and Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) have completed the establishment of a joint venture to advance the Australia-based Donald rare earths and mineral sands...

    Disclaimer: balanceandcharge.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 balanceandcharge.com