Business Insider9d
The Treasury's payment system is one of Elon Musk's targets. Here's what it does, from Social Security to tax refunds.
The Treasury Department controls trillions of dollars' worth of payments that Americans rely on every day — and it's caught the eye of the Department of Government Efficiency. Nearly all federal ...
Business Insider5d
Trump says he's instructed the Treasury to stop making new pennies
An icon in the shape of a lightning bolt. Impact Link President Donald Trump on Sunday said he had ordered Treasury Secretary Scott Bessent to halt the production of new pennies. "For far too long ...
The Washington Post8d
DOGE deputy to oversee powerful Treasury system as Musk demands cuts
The Treasury Department is appointing an ally of billionaire Elon Musk’s U.S. DOGE Service to a senior position in the department overseeing the nation’s powerful payment systems, according to ...
CNN15d
How an arcane Treasury Department office became ground zero in the war over federal spending
A few weeks before Donald Trump was sworn in as president, members of his transition team went to the Treasury Department to talk about the handover of power. But what is normally a routine ...
CNN5d
Trump instructs Treasury to halt penny production
President Donald Trump announced Sunday that he has instructed Treasury Secretary Scott Bessent to halt the production of pennies, citing the high cost of producing one cent. “For far too long ...
ABC News3d
Musk staffer 'mistakenly' given ability to edit Treasury Department payment system, legal filings say
Treasury Department officials said the "error" was quickly corrected. A 25-year-old associate of Elon Musk and former Treasury Department employee was "mistakenly" given the ability to make ...
The New York Times7d
Musk Team’s Treasury Access Raises Security Fears, Despite Judge’s Ordered Halt
Feb. 8, 2025 A federal judge’s order that Elon Musk’s team temporarily cease boring into the Treasury Department’s payment systems raises a far larger question: whether what Elon Musk has ...
CNN18d
Senate confirms Scott Bessent as Treasury secretary
The Senate confirmed Scott Bessent as Treasury secretary on Monday, elevating the hedge fund manager to the new administration’s top financial job as President Donald Trump forges ahead on an ...
Fox News5d
Trump admin files motion to vacate restraining order prohibiting DOGE access to Treasury payment systems
In the motion, Cloud Software Group, Inc. CEO Tom Krause argued that "it is important that high-level political appointees, such as the Treasury Secretary, Deputy Secretary, Chief of Staff ...
Reuters4d
Order blocking Musk's DOGE from Treasury systems doesn't apply to Bessent, judge says
NEW YORK, Feb 11 (Reuters) - A U.S. judge clarified on Tuesday that an order restricting billionaire Elon Musk's government cost-cutting effort from accessing the Treasury Department's payment ...
The New York Times9d
Treasury Sought to Freeze Foreign Aid Payments, Emails Show
Trump administration appointees and allies of Elon Musk wanted to use the Treasury’s sensitive payment system to block disbursements. By Andrew Duehren Alan Rappeport and Theodore Schleifer In ...
U.S. News & World Report10d
Treasury Tells Congress That DOGE Has ‘Read Only’ Access to Payment Systems
Treasury Tells Congress That DOGE Has ‘Read Only’ Access to Payment Systems WASHINGTON (AP) — A Treasury Department official wrote a letter Tuesday to federal lawmakers saying that a tech ...