In a surprising move, US President-elect Donald Trump has selected tech mogul Elon Musk and biotech investor Vivek Ramaswamy to spearhead a new initiative aimed at reducing government spending, humorously named the "Department of Government Efficiency" (Doge), a playful nod to Musk's favored cryptocurrency, Dogecoin. This initiative is part of Trump's broader strategy to streamline bureaucracy upon his return to the White House. Musk and Ramaswamy will serve in an advisory role, as the Doge will not be an official government department. Additionally, Trump has appointed Fox News host and military veteran Pete Hegseth as his choice for defense secretary, marking another unconventional pick in his administration. These appointments reflect Trump's focus on bringing "fresh" perspectives to government roles, potentially impacting future financial and governmental strategies.