Trump announces Musk, Ramaswamy will lead newly-created Department of Government Efficiency
CBSN
President-elect Donald Trump announced Tuesday that billionaire Elon Musk and businessman Vivek Ramaswamy will head up a new agency known as the Department of Government Efficiency.
Trump in a statement said the two "will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies - Essential to the 'Save America' Movement."
In his own statement, Musk said the new agency "will send shockwaves through the system, and anyone involved in Government waste, which is a lot of people!"
President Biden will meet with Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation summit in Lima, Peru, on Saturday, senior administration officials told reporters Wednesday.
Spirit Airlines is considering declaring bankruptcy after a proposed merger with Frontier Airlines fell apart.
More than $20 billion flooded into the 2024 presidential campaign, shattering the record for political spending in a single election. In an accelerating trend in American politics, Donald Trump, Kamala Harris and their allies raised colossal sums of money from billionaires.
Two more monkeys that escaped last week from a South Carolina research facility were recaptured Tuesday, according to the facility's CEO, bringing the total number of primates caught and returned to 32 since the incident. Eleven monkeys are still on the loose.
President-elect Donald Trump and President Biden are meeting at the White House on Wednesday as part of the transition process, a formality that Trump didn't extend to Mr. Biden in 2020.
(CBS DETROIT) — "Full House" star and St. Clair Shores native Dave Coulier announced Wednesday morning that he has been diagnosed with stage 3 non-Hodgkin lymphoma.
A U.S. government employee faces charges over an online leak of classified documents about Israel's potential plans for a retaliatory strike against Iran.
Washington — Special counsel Jack Smith is expected to have departed the Justice Department by the time President-elect Donald Trump takes office in late January, two sources familiar with his plans told CBS News, as he and his team make plans to wind down the two federal prosecutions against the incoming president.
Two Somali pirates have been sentenced to 30 years in prison for kidnapping American journalist Michael Scott Moore and holding him hostage for 977 days, federal prosecutors said Tuesday.
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.
Washington — President-elect Donald Trump is returning to the White House next year after a decisive victory in the 2024 election. And he's slated to bring with him a number of lawmakers to round out his administration — from Sen. JD Vance as vice president-elect to Rep. Elise Stefanik as his pick for ambassador to the U.N.