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,

President-elect Donald Trump says Elon Musk and former GOP presidential candidate Vivek Ramaswamy will lead a new “Department of Government Efficiency.”

Musk and Vivek Ramaswamy — the pharmaceutical mogul and former Republican presidential hopeful — have been picked to lead a brand new agency tasked with "large scale structural reform" of the federal government.