Speaker Mike Johnson is holding a press conference ahead of GOP lawmakers’ high-stakes meeting with Tesla CEO Elon Musk and biotech entrepreneur Vivek Ramaswamy, who were tapped by President-elect Trump to head the new Department of Government Efficiency (DOGE).

DOGE is tasked with working outside government to “dismantle” bureaucracy, slash “excess” regulations, cut wasteful spending and restructure federal agencies, according to Trump’s announcement.

Both the Senate and House will also have a “Delivering Outstanding Government Efficiency” — or DOGE — caucus to work alongside the department. Sen. Joni Ernst (R-Iowa) and Rep. Marjorie Taylor Greene (R-Ga.) were named to lead the caucus in their respective chambers.

Musk and Ramaswamy have already laid out their plans for DOGE, including identifying “thousands” of regulations for the president-elect to eliminate. The duo is meeting with Republicans to usher in support as Trump prepares to return to the White House.

Johnson’s remarks are scheduled for 1:45 p.m. EST.

Watch the live video above.