Elon Musk, the billionaire tasked with making the US government more efficient come January, has zeroed in on the Federal Reserve.

Elon Musk took aim at the Federal Reserve on social media early Monday morning, calling it “absurdly overstaffed.” Musk, a close ally of President-Elect Donald Trump, is set to lead a new initiative dubbed the Department of Government Efficiency alongside Vivek Ramaswamy,

Musk, the owner of car manufacturer Tesla and social media platform X, has been tapped by Trump to lead the proposed Department of Government Efficiency (DOGE), with biotech entrepreneur and former Republican presidential candidate Vivek Ramaswamy, after vocally supporting and financially backing his campaign for president.

The nearly 40 percent price increase goes into effect immediately for new customers and next month for current subscribers.

Elon Musk-owned X raised the price of its premium-plus plan in several markets from Dec. 21 as the social media company looks to boost payment for creators on its platform. The top-tier plan is now priced at $22 a month in the U.

Their top-tier plan has increased from $16 to $22 per month in the United States. Prices for the basic and premium subscriptions remain unchanged at $3 and $8

The tech billionaire who has already made a name in American politics offered his endorsement following a deadly German Christmas market attack.

X owner Elon Musk posted (archived) on the site: "Only the AfD can save Germany." Following the post, which had more than 50 million views at the time of this writing, claims abounded about the politics of the political party,