Elon Musk — the world’s richest man alive — has been handed his own task force designed to reign in government spending. Here’s what you need to know about DOGE, which President Donald Trump officially created on Monday.

I think if we try for $2 trillion, we’ve got a good shot at getting 1 [trillion],” Musk said in a January interview.

Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.