• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Current price of oil as of June 16, 2026

2

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

3

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

1

Current price of oil as of June 16, 2026

2

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

3

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
PoliticsElon Musk

Vivek Ramaswamy’s departure as DOGE co-czar removes growing political liability for Elon Musk

Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
January 21, 2025, 10:15 AM ET
Vivek Ramaswamy, former Republican presidential nominee, speaks during Donald Trump's October campaign rally in Scranton, Pennsylvania
Vivek Ramaswamy turned into a problem for Elon Musk, who has precious little time to tackle government spending before voters feel the effects.Michael M. Santiago—Getty Images
Add Fortune on Google for similar content.
  • The Department of Government Efficiency (DOGE), led by Elon Musk after Vivek Ramaswamy’s controversial departure to pursue political office, faces legal scrutiny, criticism for potential conflicts of interest, and challenges in achieving ambitious federal spending cuts.

Work has begun at the Department of Government Efficiency (DOGE), a newly established body under President Trump’s administration, with an early focus on eliminating redundancies.

Recommended Video

In its first move, DOGE co-head Vivek Ramaswamy stepped down from his role, deferring to his counterpart, Tesla CEO Elon Musk. The decision streamlines leadership and removes potential overlap as the department begins its efforts.

“It was my honor to help support the creation of DOGE,” the 38-year-old biotech entrepreneur wrote on Monday. “I’m confident that Elon & team will succeed in streamlining the government.” 

Musk did not reply to his post and has not engaged with Ramaswamy since mid-December.

Ramaswamy “just burned through the bridges and he finally burned Elon,” a Republican strategist close to the Trump team told Politico.

“Everyone wants him out of [Trump’s Florida residence] Mar-a-Lago, out of D.C.”

Musk faces multiple DOGE challenges

DOGE is already under legal scrutiny amid concerns that the unofficial body could serve the interests of private business leaders (like Musk) while operating without taxpayer accountability or Congressional oversight.

Critics have raised questions about whether DOGE’s efforts might unfairly target regulatory agencies seen as obstacles to business interests of those closely connected to Trump (again, like Musk).

Musk, co-head of DOGE, recently acknowledged that the department’s initial goal of cutting $2 trillion in federal spending is overly ambitious, with estimates now closer to $1 trillion.

The initiative is likely to face significant pushback, particularly in regions where federal employment plays a major role in local economies. For instance, Alabama is home to 40,000 non-military federal employees—nearly as many as New York, despite its smaller population and lack of a major border presence like Texas.

In October, Musk predicted “temporary [economic] hardship” for Americans in October should he be placed in chargee of DOGE.

At the time, he liked to joke that he would have to beef up his personal security detail in the event that someone from the postal service might literally go postal on him.  

Political pundits have said Musk’s DOGE cost cuts could poison the reelection chances of certain congressional representatives, senators, and state governors when the November 2026 midterm elections roll around.

That’s why the unofficial body is due to expire by July of that year, cleverly timed as a 250th-birthday present to the American people.

Ramaswamy becomes a liability

With all these challenges, the last thing Musk needs is another lightning rod for controversy on his hands. Yet that is exactly what he got.

Officially, Ramaswamy is stepping down to pursue political office in Ohio, according to official statements.

However, his departure follows a series of controversies. Ramaswamy’s strong support for H-1B visas alienated portions of the MAGA base.

Adding to the backlash, Ramaswamy recently authored a commentary criticizing what he called a “culture of mediocrity” in the U.S., arguing that natural-born citizens often fail to uphold the values of hard work and meritocracy.

“Our American culture has venerated mediocrity over excellence for way too long,” he wrote, calling for a return to “hard work over laziness.”

Ramaswamy’s road to Ohio gubernatorial race

In a contest deciding which of the two co-chiefs was ultimately irreplaceable at DOGE, the winner was never in question. 

Musk, the world’s richest individual, wields significant influence within the Republican Party, aided by his ownership of X, a platform with strong ties to the MAGA movement. His loyalty to President Trump and substantial financial resources—estimated at over $400 billion—make him a formidable figure in GOP politics.

By contrast, Ramaswamy, a political newcomer, faced challenges within a party where most members adhere to Judeo-Christian traditions. While his youthful charisma set him apart from more traditional rivals, his ambitions may have outpaced his support.

Ramaswamy announced plans to focus on building a base in his home state of Ohio, potentially preparing for a gubernatorial run. “I’ll have more to say very soon about my future plans in Ohio,” he posted.

With Ramaswamy gone, Musk does lose a fall guy—someone who can investigate government loans to his competitors without it directly falling back on the Tesla CEO. But his vast wealth ensures that he can keep political opponents at bay. 

The Trump administration offered little detail on Ramaswamy’s future, stating only that he would play a “vital role in making America great again.”

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
Christiaan Hetzner
By Christiaan HetznerSenior Reporter
Instagram iconLinkedIn iconTwitter icon

Christiaan Hetzner is a former writer for Fortune, where he covered Europe’s changing business landscape.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

aidan
AIG7
Cohere CEO on G7 leaders’ choice: sovereign AI or digital serfdom
By Aidan GomezJune 17, 2026
3 hours ago
Doctors and nurses huddle in a hospital hallway
Economystudent loans and debt
Trump’s OBBBA will cap federal loans on July 1. Republicans are going over Trump’s head to save student loans for nurses
By Jacqueline MunisJune 17, 2026
5 hours ago
sb
Personal FinanceSocial Security
‘Social Security is on a collision course toward insolvency,’ watchdog says. It hasn’t been this bad since 1983
By Nick LichtenbergJune 17, 2026
6 hours ago
Anthropic CEO Dario Amodei speaking into a microphone.
NewslettersEye on AI
Decision on Anthropic’s Fable and Mythos models means the U.S. has a licensing regime for frontier AI—it just doesn’t want to admit it
By Jeremy KahnJune 16, 2026
17 hours ago
U.S. Treasury Secretary Scott Bessent.
EconomyFederal Reserve
Trump turned the dollar into a foreign policy tool, and now risks undermining the currency’s extraordinary status, think tank says
By Tristan BoveJune 16, 2026
19 hours ago
Chairman of the Federal Reserve Kevin Warsh arrives to his swearing-in ceremony to be the new Chairman of the Federal Reserve in the East Room of the White House on May 22, 2026 in Washington, DC.
EconomyKevin Warsh
Kevin Warsh’s first Fed test is here: He must navigate hawks ‘on the offensive’ and Wall Street’s hunger for details on regime change
By Eleanor PringleJune 16, 2026
21 hours ago

Most Popular

Current price of oil as of June 16, 2026
Personal Finance
Current price of oil as of June 16, 2026
By Joseph HostetlerJune 16, 2026
1 day ago
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
Success
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
By Preston ForeJune 15, 2026
2 days ago
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
AI
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
By Marco Quiroz-GutierrezJune 16, 2026
24 hours ago
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
Success
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
By Nick LichtenbergJune 16, 2026
1 day ago
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
Big Tech
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
By Tristan BoveJune 15, 2026
2 days ago
Current price of oil as of June 15, 2026
Personal Finance
Current price of oil as of June 15, 2026
By Joseph HostetlerJune 15, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.