Trade Masters Chronicle
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
Trade Masters Chronicle
No Result
View All Result

Elon Musk outlines ‘super obvious’ changes DOGE and Treasury have agreed to make

by
February 9, 2025
in Latest News
0
Elon Musk outlines ‘super obvious’ changes DOGE and Treasury have agreed to make

Billionaire Elon Musk outlined a list of ‘super obvious’ changes that his Department of Government Efficiency (DOGE) plans to make at the U.S. Treasury Department this weekend.

Musk says officials at the treasury are working to make the government’s books more simple to audit, as well as more accountability for where funds are going. The changes also require treasury employees to more frequently update the congressional ‘do not pay’ list, which highlights fraudsters and illegal fronts.

‘Nobody in Treasury management cared enough before. I do want to credit the working level people in Treasury who have wanted to do this for many years, but have been stopped by prior management,’ Musk said.

‘Everything at Treasury was geared towards complain[t] minimization. People [who] receive money don’t complain, but people who don’t receive money (especially fraudsters) complain very loudly, so the fraud was allowed to continue,’ he added.

‘The above super obvious and necessary changes are being implemented by existing, long-time career government employees, not anyone from DOGE,’ Musk added.

‘It is ridiculous that these changes didn’t exist already! Yesterday, I was told that there are currently over $100B/year of entitlements payments to individuals with no SSN or even a temporary ID number,’ he continued. ‘If accurate, this is extremely suspicious. When I asked if anyone at Treasury had a rough guess for what percentage of that number is unequivocal and obvious fraud, the consensus in the room was about half, so $50B/year or $1B/week!! This is utterly insane and must be addressed immediately.’

Musk’s tirade toward the treasury department comes just after a federal judge blocked DOGE’s ability to access treasury department systems. The Tesla CEO condemned the ruling as ‘insane’ this weekend.

The Friday lawsuit, which was filed by 19 Democratic attorneys general, claimed Musk’s team violated the law by being given ‘full access’ to the Treasury’s payment systems. The systems include information about Americans’ Social Security, Medicare and veterans’ benefits, tax refund information and more.

The lawsuit was filed in New York by the office of New York Attorney General Letitia James, who wrote that President Donald Trump ‘does not have the power to give away Americans’ private information to anyone he chooses, and he cannot cut federal payments approved by Congress.’

U.S. Treasury Secretary Scott Bessent has expressed support for Musk and DOGE in the past, recently saying that the U.S. ‘doesn’t have a revenue problem, we have a spending problem.’

‘At the Treasury, our payment system is not being touched,’ Bessent said in a ‘Kudlow’ interview on Wednesday. ‘We process 1.3 billion payments a year. There is a study being done — can we have more accountability, more accuracy, more traceability that the money is going where it is?’

This post appeared first on FOX NEWS
Previous Post

Days before Trump halted funding, an ex-Israeli hostage was held at UNRWA school in Gaza, she reveals

Next Post

Parents of American murdered by Hamas make ‘plea’ to Trump after latest hostage release

Next Post
Parents of American murdered by Hamas make ‘plea’ to Trump after latest hostage release

Parents of American murdered by Hamas make ‘plea’ to Trump after latest hostage release

  • Trending
  • Comments
  • Latest
Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

October 24, 2024
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
Gold and silver: the price of gold has resistance at $2360

Gold and silver: the price of gold has resistance at $2360

May 29, 2024
Obama-era officials mum on allegations of ‘manufactured’ intelligence launching Trump-Russia probe

Obama-era officials mum on allegations of ‘manufactured’ intelligence launching Trump-Russia probe

July 21, 2025
DNC rips JD Vance for fishing with British foreign secretary in latest bizarre attack; Republicans hit back

DNC rips JD Vance for fishing with British foreign secretary in latest bizarre attack; Republicans hit back

0
Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales

Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales

0
Amal Clooney played key role in ICC arrest warrants for Netanyahu, Hamas leaders

Amal Clooney played key role in ICC arrest warrants for Netanyahu, Hamas leaders

0
Ivan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87

Ivan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87

0
DNC rips JD Vance for fishing with British foreign secretary in latest bizarre attack; Republicans hit back

DNC rips JD Vance for fishing with British foreign secretary in latest bizarre attack; Republicans hit back

August 13, 2025
Vance: Adversaries are ‘afraid’ of US military, and that makes tough talks like Putin possible

Vance: Adversaries are ‘afraid’ of US military, and that makes tough talks like Putin possible

August 13, 2025
Trump threatens ‘very severe’ consequences if Russia doesn’t agree to end Ukraine war

Trump threatens ‘very severe’ consequences if Russia doesn’t agree to end Ukraine war

August 13, 2025
Trump predicts little progress in potential shutdown talks with ‘crazy’ Schumer, Jeffries

Trump predicts little progress in potential shutdown talks with ‘crazy’ Schumer, Jeffries

August 13, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent News

    DNC rips JD Vance for fishing with British foreign secretary in latest bizarre attack; Republicans hit back

    DNC rips JD Vance for fishing with British foreign secretary in latest bizarre attack; Republicans hit back

    August 13, 2025
    Vance: Adversaries are ‘afraid’ of US military, and that makes tough talks like Putin possible

    Vance: Adversaries are ‘afraid’ of US military, and that makes tough talks like Putin possible

    August 13, 2025
    Trump threatens ‘very severe’ consequences if Russia doesn’t agree to end Ukraine war

    Trump threatens ‘very severe’ consequences if Russia doesn’t agree to end Ukraine war

    August 13, 2025
    Trump predicts little progress in potential shutdown talks with ‘crazy’ Schumer, Jeffries

    Trump predicts little progress in potential shutdown talks with ‘crazy’ Schumer, Jeffries

    August 13, 2025

    Top News

    DNC rips JD Vance for fishing with British foreign secretary in latest bizarre attack; Republicans hit back

    DNC rips JD Vance for fishing with British foreign secretary in latest bizarre attack; Republicans hit back

    August 13, 2025
    Vance: Adversaries are ‘afraid’ of US military, and that makes tough talks like Putin possible

    Vance: Adversaries are ‘afraid’ of US military, and that makes tough talks like Putin possible

    August 13, 2025

    Latest News

    • DNC rips JD Vance for fishing with British foreign secretary in latest bizarre attack; Republicans hit back
    • Vance: Adversaries are ‘afraid’ of US military, and that makes tough talks like Putin possible
    • Trump threatens ‘very severe’ consequences if Russia doesn’t agree to end Ukraine war

    About Trade Masters Chronicle

    • About us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 TradeMastersChronicle.com. All Rights Reserved.

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Latest News

    Copyright © 2025 TradeMastersChronicle.com. All Rights Reserved.