Trump Announces Elon Musk Will Lead New Department Created to Gut Regulations

President-elect Donald Trump announced Tuesday that Elon Musk — the world’s richest man, a megadonor to the Republican’s campaign, and a beneficiary of government contracts — will co-lead a not-yet-created department tasked with gutting federal regulations and slashing spending. Musk, who leads several companies that are under federal scrutiny, will head the so-called Department of Government…

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