What is DOGE? Here’s what to know about Elon Musk’s latest cost-cutting efforts.

Photo caption: The Consumer Financial Protection Bureau has been a target of GOP and Wall Street critics since it began in 2011. Photo credit: Al Drago / Bloomberg / Getty Images. Article by Aimee Picchi. CBS News – updated February 12, 2025.

The White House’s Department of Government Efficiency, or DOGE, was created by President Trump on Jan. 20 with a mission to slash federal spending. Since then, the task force led by billionaire Elon Musk says it has saved more than $1 billion by canceling diversity, equity and inclusion contracts, […]

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