The organization, which will likely take the form of an advisory committee, aims to slash government spending, will be headed by Elon Musk and Vivek Ramaswamy

The Department of Government Efficiency's success depends on Musk and Ramaswamy’s ability to leverage political capital and maintain Trump’s active support.

If it is to be taken seriously, the proposed government efficiency agency needs to go after waste, fraud, and abuse in Pentagon spending.

After being tapped to lead the Department of Government Efficiency with Vivek Ramaswamy, Elon Musk said all of the actions taken by the department will be posted online for "maximum transparency."