November 13, 2024, 11:01 GMT+0000

President-elect Donald Trump has announced that billionaire Elon Musk and entrepreneur Vivek Ramaswamy will lead a new Department of Government Efficiency, tasked with “dismantling government bureaucracy, reducing excess regulations, reducing wasteful spending and restructure federal agencies.” Bloomberg Breaking News Managing Editor Derek Wallbank joins Caroline Hepker and Valerie Tytel with the details (Source: Bloomberg)