Musk to give update on reform effort amid questions about his power

Billionaire Elon Musk, who is heading U.S. President Donald Trump's efforts to shrink the federal government, will give an update on the effort early Monday amid reports he has been given access to a vital payments system at the Treasury Department. Musk, who is also CEO of Tesla and SpaceX plans to discuss the Department of Government Efficiency (DOGE) in a Monday social media talk on X, which he also owns. Trump has assigned Musk to lead a federal cost-cutting panel.