Ramaswamy, Vivek (1985- )

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    Dissecting the DOGE Playbook

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    Elon Musk and Vivek Ramaswamy have unveiled their first plans to trim government spending, a blueprint that mirrors how the tech mogul cut costs at Twitter. Layoffs and spending cuts are on Elon Musk’s government agenda.Carlos Barria/ReutersThe Twitter approach to government efficiencyDonald Trump picked Elon Musk and the financier Vivek Ramaswamy to tackle one of his administration’s biggest priorities — reducing the size of the federal government.The two have now shed some light on what Trump has called the Department of Government Efficiency plans to do. They appear to be taking a page from Musk’s playbook for extreme cost-cutting.“We won’t just write reports or cut ribbons,” Musk and Ramaswamy wrote in an opinion piece in The Wall Street Journal, addressing skepticism that their initiative, known as DOGE, can achieve. “We’ll cut costs.”How they plan to do it: Musk and Ramaswamy said they would focus on razing agency regulations, laying off government employees and cutting costs, including appropriations for the Corporation for Public Broadcasting and Planned Parenthood. (That said, Congress created the public broadcasting organization and authorizes its budget.)They’ll lean heavily on two recent Supreme Court rulings, West Virginia v. Environmental Protection Agency and Loper Bright Enterprises v. Raimondo, which together sharply curtailed agencies’ ability to act. “These cases suggest that a plethora of current federal regulations exceed the authority Congress has granted under the law,” Musk and Ramaswamy write.DOGE will present a lengthy list of regulations to gut to Trump, who they say would then be free to use executive action to halt their enforcement and then move to rescind them.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Taps Elon Musk and Vivek Ramaswamy to Lead ‘Dept. of Government Efficiency’

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      How do you slash, cut, restructure and even dismantle parts of the federal government?If you’re President-elect Donald J. Trump, you turn to two wealthy entrepreneurs: the spaceship-inventing, electric-car-building owner of a social media platform and a moneymaking former pharmaceutical executive who was once one of your presidential rivals.Mr. Trump said on Tuesday that Elon Musk and Vivek Ramaswamy will lead what he called the Department of Government Efficiency. It will be, he said, “the Manhattan Project” of this era, driving “drastic change” throughout the government with major cuts and new efficiencies in bloated agencies in the federal bureaucracy by July 4, 2026.“A smaller Government, with more efficiency and less bureaucracy, will be the perfect gift to America on the 250th Anniversary of The Declaration of Independence,” Mr. Trump wrote in a statement. “I am confident they will succeed!”The statement left unanswered all kinds of major questions about an initiative that is uncertain in seriousness but potentially vast in scope. For starters, the president-elect did not address the fact that no such department exists. And he did not elaborate on whether his two rich supporters would hire a staff for the new department, which he said is aimed in part at reducing the federal work force.Mr. Musk, who became one of Mr. Trump’s biggest campaign contributors, said before the election that he would help the president-elect cut $2 trillion from the federal budget. But he did not explain in any detail how that would be accomplished or what parts of the government would be slashed.“This will send shockwaves through the system, and anyone involved in Government waste, which is a lot of people!” Mr. Musk said in the statement.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump, Appealing to Bitcoin Fans, Vows U.S. Will Be ‘Crypto Capital of the Planet’

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      Former President Donald J. Trump vowed on Saturday that he would turn the United States into a “Bitcoin superpower” if returned to the White House, wielding much of the same rhetoric of persecution that he has applied to himself and his supporters to appeal to cryptocurrency enthusiasts who want to see less regulation.“Sadly, we see the attacks on crypto,” Mr. Trump told a gathering of cryptocurrency fans in Nashville. “It’s a part of a much larger pattern that’s being carried out by the same left-wing fascists to weaponize government against any threat to their power. They’ve done it to me.”He added that, if he were elected, “Joe Biden and Kamala Harris’s anti-crypto crusade will be over” and that “the moment I’m sworn in, the persecution stops and the weaponization ends against your industry.”Mr. Trump has been competing with Robert F. Kennedy Jr., the independent presidential candidate, for the support of cryptocurrency holders, and his remarks represented one of his most direct pitches yet.Three large crypto firms have invested about $150 million to elect pro-crypto candidates in congressional races. In his speech, Mr. Trump promoted himself as “the first major party nominee in American history to accept donations in Bitcoin and crypto,” adding that his campaign has raised $25 million from cryptocurrency donations in the last two months.The former president offered promises of sweeping deregulation and the establishment of a “strategic national Bitcoin stockpile.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      In J.D. Vance, Donald Trump Selects an Inheritor

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      For nearly nine years, Donald J. Trump has been the singular face of Republican politics and the undisputed leader of the Make America Great Again movement. On Monday, the former president came as close as he may ever come to anointing a successor.The choice of J.D. Vance as Mr. Trump’s running mate, a politician nearly 40 years his junior, immediately vaults the first-term senator to the forefront of a G.O.P. future that is not so far away.If elected in November, Mr. Trump, 78, can serve only a single term — the 22nd Amendment states that no person shall be elected president more than twice — a rarity for a candidate naming a potential vice president. That short tenure has added extra urgency to the question of what comes next for Trumpism, a movement inextricably tethered to one man who has so thoroughly transformed the Republican Party.Mr. Vance, 39, is the first millennial to make a major presidential ticket, a Marine veteran and a politician who has thoroughly remade himself as a full-throated MAGA enthusiast. In recent months, it was Mr. Vance’s aggressive defense of Trumpism and Mr. Trump, even on mainstream news outlets, that helped him stand out for the former president as a worthy inheritor.“Trump is going to hold on to the MAGA baton for as long as he can,” said Chip Saltsman, a longtime Republican strategist. But Mr. Vance, he added, is “somebody that’s going to have an inside track, a head start on getting the MAGA baton in four years.”The changing of the ideological guard was clearly, and at times uncomfortably, apparent on the convention floor on Monday. Mentions of Mr. Vance’s name earned roars of approval. The face of Senator Mitch McConnell, an avatar of the pre-Trump G.O.P., inspired boos when he appeared on the big screens above delegates.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      How Rich Candidates Burned Cash on Running for Office

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      It is a time-honored tradition in U.S. politics: wealthy people burning through their fortunes to ultimately lose an election.The costly realm of campaign politics has claimed its share of the fortunes of yet another business magnate with aspirations to higher office.Representative David Trone, Democrat of Maryland who co-owns the largest wine retailer in the country, poured more than $60 million of his personal fortune into his Senate campaign in Maryland, according to campaign finance reports filed to the Federal Election Commission. He lost the Democratic primary this week to Angela Alsobrooks, a county executive whose campaign had spent about a tenth of that amount.A day after Mr. Trone’s loss, Nicole Shanahan, Robert F. Kennedy Jr.’s running mate and a Silicon Valley investor who recently divorced the Google co-founder Sergey Brin, announced that she was doubling her stake in Mr. Kennedy’s independent presidential campaign. Her donation of another $8 million brings her total contributions to nearly $15 million, despite the fact that no third-party or independent candidate has come close to winning a presidential election in modern U.S. history.Mr. Kennedy’s campaign is so far only about half as expensive as the costliest self-funded presidential campaign this cycle: Vivek Ramaswamy, the Republican entrepreneur, spent more than $30 million of his own wealth on his failed candidacy, dropping out in January after spending $3,500 per vote won in the Iowa caucuses. Doug Burgum, the governor of North Dakota who sold his software company to Microsoft for $1 billion, didn’t even get that far: He dropped out before a single vote was cast after having spent nearly $14 million on his presidential campaign.It is a time-honored tradition in U.S. politics: wealthy people burning dizzying sums of money to fuel their political ambitions through long-shot candidacies, or — as in Mr. Trone’s case — campaigns with good odds that simply don’t end up working out.A self-funded campaign is not always a recipe for disaster. Mr. Trone, for example, was successfully elected to Congress after spending a combined $31.3 million of his fortune to run in two House races. He lost to Jamie Raskin in the 2016 Democratic primary, but he won the 2018 primary to succeed Representative John Delaney, another wealthy Democrat. Jon S. Corzine, a liberal Wall Street executive, spent about $60 million, or $108 million adjusted for inflation, to win a Senate seat in New Jersey in 2000.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Fund-Raiser Rakes In More Than $50.5 Million, Campaign Says

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      For several hours on Saturday evening, drivers on a typically scenic stretch of Palm Beach, Fla., had their views of the coast obscured by a line of luxury vehicles whose owners were mingling inside a mansion across the road.The shoreline-blocking Range Rovers, Aston Martins and Bentleys hinted at the deep-pocketed donors attending a fund-raising dinner for former President Donald J. Trump’s presidential campaign, which it and the Republican National Committee said had raised more than $50.5 million.The event, hosted by the billionaire John Paulson at his home, followed a concerted push by the Trump campaign to address a longstanding financial disparity with President Biden and Democrats as both parties gear up for the general election.The reported total, which cannot be independently verified ahead of campaign finance filings in the coming months, is nearly double the $26 million that President Biden’s campaign said it raised last month at a celebrity-studded event at Radio City Music Hall in New York City.Susie Wiles and Chris LaCivita, senior advisers to the former president who are effectively his campaign managers, said in a statement that the total made it “clearer than ever that we have the message, the operation and the money to propel President Trump to victory on November 5.”Mr. Trump’s event, just down the road from his home at Mar-a-Lago, was in some ways a less flashy affair than its Democratic antecedent, one that traded Hollywood star power and New York City energy for a warmer clime, an abundance of palm trees and the manicured lawns typical of an island refuge for the moneyed elite.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Kristi Noem and Vivek Ramaswamy Are CPAC’s Choices for Trump’s Running Mate

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      Gov. Kristi Noem of South Dakota and the entrepreneur Vivek Ramaswamy tied for the top choice to be former President Donald J. Trump’s running mate in a straw poll on Saturday at a prominent gathering of conservative activists.The straw poll, at the Conservative Political Action Conference, was the first time in years that a question about whom Republicans should pick for vice president had overshadowed one about the presidential nominee in the survey of attendees.That was partly because Mr. Trump won the presidential poll, as expected, in a landslide over Nikki Haley, beating her by 94 percent to 5 percent. The last time Mr. Trump was not the top choice for the White House among CPAC attendees was in 2016, when Senator Ted Cruz of Texas finished first.The straw poll, which provides one measure of enthusiasm on the far right and is not intended to be predictive, was announced at the end of the four-day CPAC gathering outside Washington. The attention on the vice-presidential question was notable because Mr. Trump is still fending off a challenge for the Republican presidential nomination by Ms. Haley, the former governor of South Carolina. He has won the party’s first several nominating contests and easily defeated Ms. Haley on Saturday in her home state.Several Republicans viewed as contenders to be Mr. Trump’s running mate gave speeches at the event. They included Representative Byron Donalds of Florida on Thursday; Ms. Noem, Senator J.D. Vance of Ohio and Representative Elise Stefanik of New York on Friday; and Kari Lake, an Arizona Senate candidate, on Saturday. Mr. Ramaswamy spoke on both Friday and Saturday.Ms. Noem and Mr. Ramaswamy each garnered 15 percent of the vote in the straw poll. Former Representative Tulsi Gabbard of Hawaii, who ran for president as a Democrat in 2020 but has since left the party to become an independent, was third with 9 percent, followed by Ms. Stefanik and Senator Tim Scott of South Carolina with 8 percent each.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Potential Trump V.P. Picks Flock to CPAC, Auditioning for the Spot By His Side

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      The South Carolina primary is tomorrow, and Nikki Haley, a former governor of the state, is approaching a critical juncture in her presidential campaign. She is locked in a seemingly desperate struggle against former President Donald J. Trump, the dominant Republican front-runner, facing long odds in her home state as well as in crucial contests on Super Tuesday, March 5.But away from the campaign trail, conservatives near Washington are celebrating Mr. Trump as if he has already secured the Republican presidential nomination. At the influential Conservative Political Action Conference, known as CPAC, which began on Wednesday, the question is not which Republican will face off against President Biden in November, but rather who will join Mr. Trump atop the ticket as his vice-presidential running mate.At least four people who will speak at CPAC today are widely seen as contenders in the made-for-television spectacle that Mr. Trump’s potential vice-presidential selection process has become: Senator J.D. Vance of Ohio, Representative Elise Stefanik of New York, Gov. Kristi Noem of South Dakota and the entrepreneur and former Republican presidential candidate Vivek Ramaswamy.And while the conference will conclude on Saturday with the group’s traditional straw poll, for the first time in at least a decade, the survey will include a question about vice-presidential preferences, asking attendees to pick the best running mate for Mr. Trump.The former president has sought to cast an air of inevitability around his candidacy, and pushing a conversation about who will be on the ticket with him in November is one way he has tried to steer attention away from Ms. Haley.Emulating a season of “The Apprentice,” the reality television show he hosted in his pre-presidential life, Mr. Trump and his campaign have for weeks stoked speculation about whom he will pick — highlighting different contenders at different campaign stops, gauging the reaction of his loyal rally attendees and scrutinizing the candidates’ performance as surrogates both on and off the campaign trail.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More