Billionaires Elon Musk and Vivek Ramaswamy will head an effort, dubbed DOGE, to reduce wasteful federal spending. Here's what it's about.

Elon Musk shared on X that nor he or Vivek Ramaswamy will be paid to co-lead the newly-created Department of Government Efficiency.

The incoming Trump administration’s solution to government spending is a new Department of Government Efficiency led by co-department chiefs: the world’s richest man and Trump’s former political opponent.