By David Shepardson and Chris Sanders WASHINGTON (Reuters) -Billionaire Elon Musk, who is heading U.S. President Donald Trump's drive to shrink the federal government, gave an update on the effort early Monday,

The billionaire said the agency was being shut down hours after President Donald Trump said it was being run by "a bunch of radical lunatics."

Elon Musk said President Donald Trump agreed the US Agency for International Development needs to be “shut down,” following days of speculation over the future of the agency after its funding was frozen and dozens of its employees were put on leave.