With the annual budget deficit at $1.8 trillion last year and Trump proposing extensive tax cuts, there will also be significant pressure to use all the savings to reduce that deficit, rather than pass on part of it. Here’s what to know about the proposal:

President Donald Trump said he's considering a plan to pay out $5,000 stimulus checks to taxpayers in the form of a 'DOGE dividend' during a speech.

People have questions about Social Security, tax returns, and investments and want to know whether government cuts will affect their money.

Elon Musk and the Department of Government Efficiency have put out a list of measures taken to cut back on government spending.