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.

A deep philosophical rift between the two billionaire leaders of the “Department of Government Efficiency” left Musk alone at its top, which could give him more power than envisioned

The former Republican primary foe departs DOGE after his goal of trimming regulations was overtaken by Musk’s priority of cutting expenditures.

He previously floated a joint venture, saying that the US should be entitled to half of the app.