Elon Musk and his aides have taken control of the US Treasury Department's payments system, triggering a lawsuit charging he is illegally getting access to private data of millions of Americans. Musk's control of the payments system was approved by incoming Treasury Secretary Scott Bessent and was made possible when a career official was put on administrative leave Friday after refusing to hand over access,

The Treasury Department was accused of breaking federal law by giving Elon Musk’s team of government efficiency enforcers access to a trove of personal and financial information — setting up a legal showdown over the Trump administration’s signature effort to shrink the government.

President Donald Trump on Monday signed an executive order directing the U.S. to take steps to start developing a government-owned investment fund that he said could be used to profit off of TikTok if he’s successful at finding the company an American buyer.