Trump announced in November that Ramaswamy and Elon Musk would co-lead DOGE’s effort to cut the federal budget and streamline government operations.

Despite the reports of his gubernatorial ambitions, multiple reports say Mr. Ramaswamy was driven out of DOGE by Mr. Musk. He “just burned through the bridges and he finally burned Elon,” a Republican strategist close to Trump advisers told Politico. “Everyone wants him out of Mar-a-Lago, out of D.C.”