Berliner Boersenzeitung - Trump names Musk to 'efficiency' post as team takes shape

EUR -
AED 3.850375
AFN 71.007285
ALL 98.201564
AMD 408.172647
ANG 1.878386
AOA 957.098007
ARS 1045.872072
AUD 1.604869
AWG 1.889562
AZN 1.779904
BAM 1.956809
BBD 2.104325
BDT 124.544208
BGN 1.968551
BHD 0.392806
BIF 3078.616524
BMD 1.0483
BND 1.404738
BOB 7.24187
BRL 6.086226
BSD 1.042247
BTN 88.460581
BWP 14.238612
BYN 3.410823
BYR 20546.688681
BZD 2.100823
CAD 1.461105
CDF 3009.671132
CHF 0.9326
CLF 0.036947
CLP 1019.484612
CNY 7.593157
CNH 7.597548
COP 4601.776869
CRC 530.878754
CUC 1.0483
CUP 27.779962
CVE 110.93704
CZK 25.34004
DJF 185.599225
DKK 7.456773
DOP 62.812982
DZD 139.925472
EGP 51.732528
ERN 15.724507
ETB 127.590195
FJD 2.38588
FKP 0.827441
GBP 0.832057
GEL 2.872517
GGP 0.827441
GHS 16.558308
GIP 0.827441
GMD 74.429381
GNF 8983.717181
GTQ 8.090008
GYD 219.258233
HKD 8.156883
HNL 26.33783
HRK 7.477799
HTG 136.811837
HUF 411.259269
IDR 16621.851823
ILS 3.881961
IMP 0.827441
INR 88.449668
IQD 1365.329933
IRR 44107.241094
ISK 146.394871
JEP 0.827441
JMD 166.037183
JOD 0.743352
JPY 161.121705
KES 135.724012
KGS 90.678259
KHR 4196.203348
KMF 495.323945
KPW 943.470001
KRW 1464.376148
KWD 0.322719
KYD 0.868564
KZT 520.398216
LAK 22893.239195
LBP 93331.897146
LKR 303.342173
LRD 189.165938
LSL 18.807555
LTL 3.095359
LVL 0.634107
LYD 5.089721
MAD 10.543169
MDL 19.010163
MGA 4864.600715
MKD 61.561738
MMK 3404.838947
MNT 3562.124849
MOP 8.356367
MRU 41.469775
MUR 49.11333
MVR 16.206707
MWK 1807.266202
MXN 21.344967
MYR 4.673848
MZN 66.997415
NAD 18.807555
NGN 1770.013361
NIO 38.350137
NOK 11.544016
NPR 140.753907
NZD 1.78839
OMR 0.401204
PAB 1.048049
PEN 3.952037
PGK 4.196203
PHP 61.740705
PKR 289.425072
PLN 4.332472
PYG 8136.349859
QAR 3.822154
RON 4.973557
RSD 117.765012
RUB 108.677289
RWF 1422.747058
SAR 3.935736
SBD 8.788484
SCR 14.275496
SDG 630.551352
SEK 11.497865
SGD 1.40737
SHP 0.827441
SLE 23.828224
SLL 21982.341102
SOS 595.612745
SRD 37.208405
STD 21697.702658
SVC 9.119876
SYP 2633.886163
SZL 18.801051
THB 36.153258
TJS 11.161414
TMT 3.669052
TND 3.32957
TOP 2.455227
TRY 36.242708
TTD 7.078649
TWD 34.034134
TZS 2787.788371
UAH 43.118052
UGX 3872.45876
USD 1.0483
UYU 44.569998
UZS 13370.893257
VES 48.807995
VND 26632.072752
VUV 124.456335
WST 2.926426
XAF 656.301612
XAG 0.033867
XAU 0.000389
XCD 2.833084
XDR 0.792824
XOF 656.301612
XPF 119.331742
YER 261.996486
ZAR 18.896155
ZMK 9435.963602
ZMW 28.791392
ZWL 337.552315
  • SCS

    0.2300

    13.27

    +1.73%

  • BCC

    3.4200

    143.78

    +2.38%

  • RBGPF

    59.2400

    59.24

    +100%

  • RIO

    -0.2200

    62.35

    -0.35%

  • BCE

    0.0900

    26.77

    +0.34%

  • CMSC

    0.0320

    24.672

    +0.13%

  • CMSD

    0.0150

    24.46

    +0.06%

  • NGG

    1.0296

    63.11

    +1.63%

  • JRI

    -0.0200

    13.21

    -0.15%

  • GSK

    0.2600

    33.96

    +0.77%

  • RELX

    0.9900

    46.75

    +2.12%

  • AZN

    1.3700

    65.63

    +2.09%

  • BTI

    0.4000

    37.38

    +1.07%

  • VOD

    0.1323

    8.73

    +1.52%

  • RYCEF

    -0.0100

    6.79

    -0.15%

  • BP

    0.2000

    29.72

    +0.67%

Trump names Musk to 'efficiency' post as team takes shape
Trump names Musk to 'efficiency' post as team takes shape / Photo: Anna Moneymaker - GETTY IMAGES NORTH AMERICA/AFP/File

Trump names Musk to 'efficiency' post as team takes shape

Donald Trump announced Tuesday that the world's richest man, Elon Musk, will lead a new US "government efficiency" group tasked with cutting federal waste, as the Republican president-elect added a series of seasoned figures and hard-liners to his incoming administration.

Text size:

Musk became a key ally to Trump during his campaign, reportedly spending well over $100 million to help the Republican win and repeatedly boosting Trump's candidacy on X, the platform which he owns.

Trump said Musk and another stalwart ally, businessman Vivek Ramaswamy, would lead a "Department of Government Efficiency ('DOGE')" a tongue-in-cheek reference to an internet meme and cryptocurrency.

"Together, these two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies," Trump said in a statement.

He said the department "will provide advice and guidance from outside of Government," a move that could allow Musk to avoid disclosing his financial holdings.

Trump, 78, is set to make a triumphant return to Washington on Wednesday, meeting President Joe Biden in the Oval Office.

He may also visit the US Capitol where his party has won a narrow majority in the Senate and is poised to retain control of the House of Representatives.

With just over two months until he takes office, Trump is moving quickly to consolidate an extraordinary comeback.

Governments worldwide are scrutinizing Trump's picks for signs of how closely the incoming administration will stick to his promises of an isolationist foreign policy, harsh crackdowns on illegal immigration, and persecution of people he perceives as enemies.

- Hard-liners -

Late Tuesday, Trump named military veteran and Fox News host Pete Hegseth as his incoming defense secretary.

"With Pete at the helm, America's enemies are on notice -- Our Military will be Great Again, and America will Never Back Down," he said in a statement.

Meanwhile, US media reported that Florida's Senator Marco Rubio would be nominated to the key position of secretary of state.

Trump separately named congressman Mike Waltz, a former special forces officer, as his incoming national security advisor.

Waltz has hawkish views on China and is not considered isolationist, despite desire in some Trump circles for the United States to retreat from foreign engagements and cut obligations to allies like NATO.

Trump also announced he was choosing his former director of national intelligence John Ratcliffe to lead the Central Intelligence Agency.

On the domestic front, Trump has signaled he will back up his extreme election campaign rhetoric aimed at stirring fear and anger against illegal immigrants ahead of promised mass deportations.

On Tuesday, he named South Dakota Governor Kristi Noem as secretary of homeland security, noting she had been the first governor to deploy national guard troops to help Texas combat illegal border crossings.

A day earlier, he said veteran hard-line immigration official Tom Homan would take on a role as "border czar."

US media reported that Stephen Miller, author of Trump's so-called "Muslim ban" immigration policy during his first term, will hold a powerful position as deputy chief of staff.

Trump has also picked Lee Zeldin to head the Environmental Protection Agency, with a mandate to slash climate and pollution regulations.

New York congresswoman Elise Stefanik, a fierce Trump ally and pro-Israel stalwart, got the nod for UN ambassador, Trump's transition team said.

Another fervent pro-Israel figure, former Arkansas governor Mike Huckabee, was named as ambassador to Israel.

- Return to the Oval -

Biden's Oval Office invitation restores a presidential transition tradition that Trump tore up when he lost the 2020 election, refusing to sit down with Biden or even attend the inauguration.

By the time Trump took his last Marine One flight from the White House lawn on January 20, 2021, he had also been repudiated by many in his own party for having encouraged a mob to assault the US Capitol.

The period of disgrace soon evaporated, however, as Republicans returned to Trump's side, recognizing his unique electoral force leading the far-right movement that has now swept him back to power.

While many of his cabinet nominations require approval by the Senate, Trump is trying to bypass that oversight by forcing through so-called recess appointments.

(B.Hartmann--BBZ)