A Swiss flag flies near Matterhorn mountain on January 7, 2022 near Zermatt, Switzerland.
Switzerland is eyeing the Olympics — and looking to pinch some pennies.
  • Switzerland plans to bid for the 2030 or 2034 Winter Olympic Games.
  • It convinced local sports federations to back its bid by pledging to keep the budget to $1.7 billion.
  • If achieved, the budget would be the lowest ever for the Olympics.

Switzerland, one of the world's richest countries, is trying to keep costs down for the Olympics.