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

Republicans have secured a majority in the House of Representatives with a two-seat advantage. However, it is quite slim because some key races have yet to be called. President-elect Donald Trump's cabinet nominations have also raised concern about the possibility of seat vacancies.

Billionaires Elon Musk and Vivek Ramaswamy are looking to conduct a “massive downsizing” of the federal government.