(AP Photo/Jon Elswick/File)
DOGE is not part of the federal government but rather is a blue-ribbon committee that is expected to suggest executive orders for the Trump administration and work alongside the Office of Management and Budget to execute reforms.
DOGE’s objective is to cut $2 trillion from the federal government budget through efforts to slash spending, government programs and the federal workforce.
However, Musk recently cast doubt on the likelihood of eliminating $2 trillion from the federal budget and said there was a better chance at cutting $1 trillion.
"I think we’ll try for $2 trillion. I think that’s like the best-case outcome," Musk said during tech trade show CES last week in Las Vegas. "But I do think that you kind of have to have some overage. I think if we try for $2 trillion, we’ve got a good shot at getting $1 [trillion]."
President-elect Donald Trump and SpaceX founder and CEO Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket on Nov. 19, 2024, in Brownsville, Texas. (Brandon Bell/Getty Images)
Musk, along with other tech industry titans and venture capitalists, are slated to meet in Washington, D.C., this week for a dinner to discuss global innovation in artificial intelligence and entrepreneurship with incoming Trump administration officials.
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Outside the Box Ventures, a firm founded last year by journalist-turned-investment banker Katherine Tarbox and French Ambassador to the U.S. Laurent Bili, is sponsoring the dinner.
"This gathering represents more than discussion. We hope it symbolizes a new chapter in public-private collaboration to harness technology’s transformative power for the nation’s future," a source close to the planning told Fox News Digital.
Fox News Digital’s Chris Pandolfo contributed to this report.
Diana Stancy is a politics reporter with Fox News Digital covering the White House.
https://www.foxnews.com/politics/elon-musk-poised-occupy-white-house-office-space-report