Elon Musk shared on X that nor he or Vivek Ramaswamy will be paid to co-lead the newly-created Department of Government Efficiency.

Billionaires Elon Musk and Vivek Ramaswamy will head an effort, dubbed DOGE, to reduce wasteful federal spending. Here's what it's about.

The move comes after Musk became one of Trump's staunchest supporters, and biggest financial backers, during the last stage of his presidential campaign