President Donald Trump speaks after signing an executive order titled, 'Comprehensive Plan for Reorganizing the Executive Branch', in the Oval Office of the White House on Monday. Pool photo by Michael Reynolds/UPI | License Photo

President Donald J. Trump (C) shows an executive order entitled, 'Comprehensive Plan for Reorganizing the Executive Branch', after signing it beside members of his Cabinet in the Oval Office of the White House in Washington, DC, on March 13, 2017. Also in the picture is Director of the Office of Management and Budget (OMB) Mick Mulvaney (Front L), Treasury Secretary Steven Mnuchin (Back L), Administrator of the Small Business Administration Linda McMahon (2-L), Secretary of the Interior Ryan Zinke (3-L), US Ambassador to the UN Nikki Haley (4-L), Secretary of Housing and Urban Developement (HUD) Ben Carson (Back C), US Vice President Mike Pence (2-R) and Secretary of Transportation Elaine Chao (R). Pool photo by Michael Reynolds/UPI | License Photo

US President Donald J. Trump (C) shows an executive order entitled, 'Comprehensive Plan for Reorganizing the Executive Branch', after signing it beside members of his Cabinet in the Oval Office of the White House in Washington, DC, on March 13, 2017. Pool photo by Michael Reynolds/UPI | License Photo

President Donald Trump signs an executive order titled, 'Comprehensive Plan for Reorganizing the Executive Branch', in the Oval Office of the White House on Monday. Pool photo by Michael Reynolds/UPI | License Photo

President Donald Trump shows an executive order titled, 'Comprehensive Plan for Reorganizing the Executive Branch', after signing it in the Oval Office of the White House on Monday. Pool photo by Michael Reynolds/UPI | License Photo

March 13 (UPI) -- President Donald Trump on Monday signed an executive order intended to weed out wasteful spending in the federal government.

The president told reporters in the Oval Office Monday afternoon that his order calls for a "thorough examination of every executive department and agency" to find out "where money is being wasted [and] how services can be improved."


The order does not call for specific cuts, but rather instructs federal agencies to look for areas they can slash spending they deem wasteful. The order, though, could also lead to the elimination of entire federal agencies or substantially cut back the federal workforce, The Hill reported Monday.

Office of Management and Budget Director Mick Mulvaney will oversee the review.

Trump said the order creates a "detailed plan to make the federal government ... more efficient and very, very cost productive."

Federal agencies will report their findings to Mulvaney within six months, who will then present them to lawmakers before they are implemented.