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Explainer: How Musk's US government efficiency panel might work

President-elect Donald Trump has tasked billionaire Tesla CEO Elon Musk with setting up a panel to streamline the U.S. government. Although Trump has said little about how this group would operate, Musk previously set an ambitious goal of cutting $2 trillion of federal spending. Musk, the world's richest person, will head the new panel along with former Republican Presidential candidate Vivek Ramaswamy. Here is how it might work.