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Mutual Fund and ETF data provided by <a href="https://lipperalpha.refinitiv.com/" data-omtr-intcmp="topnav_more_refinitive_info">Refinitiv Lipper</a>. <br>Fox News senior congressional correspondent Chad Pergram unpacks concerns over the spending bill and whether Mike Johnson's speakership is at jeopardy on 'Your World.'<br>Tesla and SpaceX CEO Elon Musk is slated to speak at President-elect Donald Trump’s pre-inauguration rally on Sunday, according to a new report. <br>Musk, who is poised to lead the newly created <a href="https://www.foxnews.com/politics/elon-musk-poised-occupy-white-house-office-space-report" target="_blank" rel="noopener">Department of Government Efficiency (DOGE)</a> once Trump takes office, will provide remarks during Trump's "Make America Great Again Victory Rally" at the Capitol One Arena in Washington, D.C., <a href="https://www.nbcnews.com/politics/donald-trump/elon-musk-speak-trump-inauguration-weekend-rally-rcna188047" target="_blank" rel="nofollow noopener">NBC News reports</a>. <br>Other speakers on the agenda for the event include Vice President-elect JD Vance, conservative media personality Megyn Kelly, as well as members of Trump’s immediate family. <br><a href="https://www.foxnews.com/politics/what-to-know-about-doge-and-its-quest-to-slash-government-waste-spending" target="_blank" rel="noopener"><strong><u>WHAT TO KNOW ABOUT DOGE AND ITS QUEST TO SLASH GOVERNMENT WASTE, SPENDING</u></strong></a><br><span>President-elect Donald Trump, left, and Elon Musk pose for a photo during the UFC 309 event at Madison Square Garden on Nov. 16, 2024 in New York City.</span> <span>(Jeff Bottari/Zuffa LLC)</span><br>The Trump transition team did not immediately respond to a request for comment from Fox News Digital. <br>Musk, who donated millions of dollars to Trump’s presidential campaign, has cozied up to Trump and spoken at official events with the incoming president. For example, Musk delivered remarks at a Trump campaign rally in October at <a href="https://www.foxnews.com/politics/elon-musk-comes-out-support-trump-dark-gothic-maga-madison-square-garden" target="_blank" rel="noopener">Madison Square Garden in New York City</a>. <br>Musk is also expected to influence the incoming administration and is spearheading efforts with tech entrepreneur Vivek Ramaswamy to slash government spending under DOGE. <br><a href="https://www.foxnews.com/politics/gop-rep-elect-predicts-doge-trump-agenda-will-get-country-back-on-track-no-more-business-as-usual" target="_blank" rel="noopener"><strong>GOP REP-ELECT OUTLINES HOW DOGE, TRUMP AGENDA WILL GET COUNTRY 'BACK ON TRACK': 'NO MORE BUSINESS AS USUAL'</strong></a><br><span>President-elect Donald Trump, left, and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket on Nov. 19, 2024 in Brownsville, Texas.</span> <span>(Brandon Bell/Getty Images)</span><br>DOGE, which is not a federal government agency, aims to <a href="https://www.foxnews.com/politics/doge-reps-launch-meetings-federal-staffers-effort-cut-government-waste-report" target="_blank" rel="noopener">eliminate government spending</a>, waste and streamline efficiency and operations. <br>It is seeking to cut $2 trillion from the federal government budget through efforts to slash spending, government programs and the federal workforce.<br><a href="https://www.foxnews.com/politics/efficient-accountable-gop-led-doge-bill-aims-slash-outflow-federal-dollars" target="_blank" rel="noopener"><strong><u>'EFFICIENT AND ACCOUNTABLE': GOP-LED DOGE BILL AIMS TO SLASH OUTFLOW OF FEDERAL DOLLARS</u></strong></a><br><span>President-elect Donald Trump announced Elon Musk and Vivek Ramaswamy, right, would be leading the Department of Government Efficiency, on Tuesday, Nov. 12, 2024.</span> <span>(Getty Images)</span><br>However, Musk recently said eliminating $2 trillion from the federal budget might be too ambitious, and that it was more realistic to cut $1 trillion.<br><a href="https://www.foxnews.com/apps-products?pid=AppArticleLink"><strong><u>CLICK HERE TO GET THE FOX NEWS APP</u></strong></a><br>"I think we’ll try for $2 trillion. I think that’s like the best-case outcome," Musk said during tech trade show CES this month 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]."<br>Diana Stancy is a politics reporter with Fox News Digital covering the <a href="https://www.foxnews.com/category/politics/executive/white-house" target="_blank" rel="noopener">White House.</a> <br>Get the latest updates from the 2024 campaign trail, exclusive interviews and more Fox News politics content.<br>By entering your email and clicking the Subscribe button, you agree to the Fox News <a href="https://www.foxnews.com/privacy-policy">Privacy Policy</a> and <a href="https://www.foxnews.com/terms-of-use">Terms of Use</a>, and agree to receive content and promotional communications from Fox News. 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