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Trump Team Eyes Politically Connected Startup to Overhaul $700 Billion Government Payments Program
A little-known firm with investors linked to JD Vance, Elon Musk and Trump could get a piece of the federal expense card system.
In a 4,000-word blog post titled “The Efficiency Formula,” Ramp’s CEO and one of its investors echoed ideas similar to those promoted by Trump and his billionaire ally Elon Musk: Federal programs were overrun by fraud, and commonsense business techniques could provide a quick fix. In recent weeks, Trump appointees at GSA have been moving quickly to tap Ramp for a charge card pilot program worth up to $25 million, sources told ProPublica, even as Musk’s Department of Government Efficiency highlights the multitudes of contracts it has canceled across federal agencies. The GSA spokesperson said that “any and all communications with potential vendors, of which there were multiple, has been a part of market research in order to provide the best solution for American taxpayers.” The agency declined to answer questions about whether Ramp had already been chosen internally for SmartPay work.
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