Billionaires Elon Musk and Vivek Ramaswamy are looking to conduct a “massive downsizing” of the federal government.

Elon Musk and Vivek Ramaswamy are set to take the reins of the brand new “Department of Government Efficiency” (DOGE) under President-elect Trump — a panel with bold ambitions of slashing government costs and restructuring federal agencies.

To do that, he’s creating a new agency, called the Department of Government Efficiency.If the name sounds like a meme, it’s because it is. DOGE is the brainchild of billionaire Elon Musk, who came up with the acronym in homage to the mascot for the digital currency Dogecoin,