President-elect Donald Trump has announced that billionaire Elon Musk and Vivek Ramaswamy, a former presidential candidate and ally of Trump, will lead what he's calling a new "Department of Government Efficiency.

Donald Trump's announcement that Elon Musk and Vivek Ramaswamy will lead a newly formed Department of Government Efficiency has alarmed some government ethics experts.

The move comes after Musk became one of Trump's staunchest supporters, and biggest financial backers, during the last stage of his presidential campaign