Elon Musk, Vivek Ramaswamy will lead new 'Department of Government Efficiency,' Trump says

Elon Musk, Vivek Ramaswamy will lead new ‘Department of Government Efficiency,’ Trump says

WASHINGTON (AP) — President-elect Donald Trump on Tuesday said Elon Musk and former GOP presidential candidate Vivek Ramaswamy will lead a new “Department of Government Efficiency” — which is not, despite the name, a government agency. The acronym “DOGE” is a nod to Musk’s favorite cryptocurrency, dogecoin. Trump said in a statement that Musk and…

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Treasury issues rule to block US investors from helping China develop advanced military technology

Treasury issues rule to block US investors from helping China develop advanced military technology

WASHINGTON (AP) — The U.S. Treasury Department, seeking to keep the Chinese military from gaining an edge in advanced technologies, issued a rule Monday to restrict and monitor American investments in China in artificial intelligence, computer chips and quantum computing. The finalized rule arises from an executive order issued in August 2023 by President Joe…

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