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WSJ What’s News

Musk, Ramaswamy to Lead Government Efficiency Drive

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 13 November 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

A.M. Edition for Nov. 13. Donald Trump says the Department of Government Efficiency, or DOGE, will work to streamline bureaucracy as the president-elect makes a flurry of other appointments. Plus, the WSJ’s Katy Stech Ferek says leadership votes by House and Senate Republicans are set to be a test of Trump’s dominance—and his ability to implement his agenda. And Spirit Airlines prepares a bankruptcy filing after merger talks with rival Frontier break down. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

What's 2FA security on Cracken?

0:03.9

Let's say I'm captaining my football team and we're up by a goal against, I don't know, roverston rovers.

0:08.9

Do we relax?

0:10.1

No way.

0:11.4

Time to create an extra line of defence and protect that lead.

0:14.7

That's like 2FA on Cracken, a sure-fey way to keep what you already have safe and sound.

0:19.7

Go to crackin.com and see what

0:21.5

crypto can be. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk

0:26.3

investment and you should not expect to be protected if something goes wrong.

0:34.6

Trump officially taps Elon Musk to cut government spending, plus House Republicans prepare to vote on their pick for speaker.

0:43.5

Any sort of lack of unity that we see with the voting could be a sign that it will be difficult for Republicans to unify under the new Congress when President Trump is in the White House.

0:53.9

And spirits merger talks with Frontier fall apart, taking the airline one step closer to a

1:00.2

bankruptcy filing. It's Wednesday, November 13th. I'm Luke Vargas for the Wall Street Journal,

1:05.5

and here is the AM edition of What's News. The top headlines and business stories moving your world today.

1:17.6

President-elect Donald Trump has tapped biotech founder Vivek Ramaswamy and Tesla CEO Elon Musk

1:24.3

to lead what is being called the Department of Government Efficiency or Doge

1:28.5

in order to cut spending, eliminate regulation, and restructure federal agencies.

1:34.2

Doge will sit outside of the federal government, and Musk, the world's wealthiest person,

1:39.3

isn't expected to become an official government employee, meaning he likely won't be required to divest

1:45.1

from his business empire. Journal reporter Andrew Rastusha has more on what could be in store.

1:50.8

Musk has previously said that he wants to cut federal spending by at least $2 trillion.

1:54.6

In fiscal year 2024, for example, the government spent roughly $6.8 trillion. Exactly how they would carry this out is a little

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