President Donald Trump signed an executive order on Wednesday to “further rein in government waste and officially implement” the Department of Government Efficiency’s “cost efficiency initiative.”

The order mandates that each agency head collaborate directly with the DOGE team to identify areas where government contracts and grants can either be terminated or adjusted. This new process, which “shall commence immediately,” is designed to reduce federal spending or “reallocate spending to promote efficiency and advance the policies” of the Trump administration.

Trump signed the order following the first Cabinet meeting of his new administration, where his senior government cutting adviser, Elon Musk, who has significant influence over DOGE’s actions, provided an in-depth explanation of the department’s objectives.

🚨 NEW: President Trump just signed an executive order to further reign in government waste and officially implement @DOGE's cost efficiency initiative.

Here is the text of the order:

By the authority vested in me as President by the Constitution and the laws of the United…

— Rapid Response 47 (@RapidResponse47) February 26, 2025

“The overall goal here with the DOGE team is to address the enormous deficit,” Musk told a room full of Trump cabinet members on Wednesday.

“We simply cannot sustain as a country two-trillion-dollar deficits. Just the interest on the debt now exceeds the Defense Department spending,” Musk added.

The SpaceX and Tesla CEO later told the president and his cabinet that DOGE is working as “a support function for the president and for the agencies and departments to help achieve those savings to effectively find 15% reduction in fraud and waste.”

President Trump’s executive order aims to enhance the potential of DOGE to reduce federal spending, the Daily Wire noted further. The order requires “Each Agency Head, in consultation with the agency’s DOGE Team Lead, [to] conduct a comprehensive review of each agency’s contracting policies, procedures, and personnel.”

According to the president’s order, the DOGE team will then give the DOGE administrator “a monthly informational report on contracting activities” that includes “all payment justifications provided pursuant to that process, to the extent consistent with law.”

Earlier this month, the White House clarified that Elon Musk is not the administrator of DOGE and revealed that the current administrator is Amy Gleason, a healthcare executive with experience in both the Trump and Biden administrations. Gleason served with the U.S. Digital Service (USDS) from 2018 to 2021, the agency that later became DOGE.