Trump named tech billionaire Elon Musk and conservative activist Vivek Ramaswamy to head up a new "Department of Government Efficiency," fulfilling a campaign pledge to give Musk sweeping oversight of government spending.

President-elect Donald Trump picked Elon Musk and Vivek Ramaswamy to lead a new commission on cutting government spending and regulation.

The two wealthy entrepreneurs will lead what the president-elect called the Department of Government Efficiency, which he said would seek “drastic change.” But the announcement left a lot unanswered.