US EditionGOP senators rail against staggering $4.7 trillion in untraceable Treasury payments
- Earlier this year, a government efficiency office led by Elon Musk identified that $4.7 trillion in Treasury payments were missing required Treasury Account Symbol codes, rendering these transactions untraceable.
- This issue arose because TAS identification codes were previously optional and often left blank, though reports consistently state this lack caused large gaps in payment tracking.
- Early this year, following DOGE’s discovery of $4.7 trillion in Treasury payments lacking TAS identification codes, these codes were made mandatory to enhance financial transparency. Subsequently, Republican senators Roger Marshall and Rick Scott introduced the LEDGER Act in March, aiming to require comprehensive tracking of all Treasury disbursements.
- Treasury Secretary Scott Bessent confirmed more than one third of annual payments lacked TAS numbers, with approximately 500,000 payments made yearly remaining untraceable, and projected national debt interest at $952 billion in 2025.
- Republican senators expressed frustration and called for investigations, emphasizing taxpayer money accountability amid nearly $37 trillion debt and spending where interest payments exceed the defense budget by $102 billion.
12 Articles
12 Articles
GOP senators rail against staggering $4.7 trillion in untraceable Treasury payments
Earlier this year, Elon Musk's Department of Government Efficiency (DOGE) uncovered $4.7 trillion in untraceable Treasury Department payments. Prior to the discovery, Treasury Account Symbol (TAS) identification codes were optional for $4.7 trillion in Treasury Department payments, so they were often left blank and were untraceable. The field is now required to increase "insight into where the money is actually going," the Treasury Department an…
Lawmakers Sound Alarm After DOGE Digs Up Untraceable Treasury Payments - News Addicts
Earlier this year, Elon Musk’s Department of Government Efficiency (DOGE) uncovered $4.7 trillion in untraceable Treasury Department payments. Prior to the discovery, Treasury Account Symbol (TAS) identification codes were optional for $4.7 trillion in Treasury Department payments, so they were often left blank and were untraceable. The field is now required to increase “insight into […] The post Lawmakers Sound Alarm After DOGE Digs Up Untracea…
America First Report
GOP Senators Complain About Untraceable Treasury Payments Uncovered by DOGE But Little Is Being Done About It
(Substack)—The Department of Government Efficiency (DOGE), led by Elon Musk, revealed earlier this year that $4.7 trillion in Treasury Department payments were untraceable. Previously, Treasury Account Symbol (TAS) codes were not mandatory for these payments, leading to many blank entries and untraceable funds. In February, the Treasury Department and DOGE announced that TAS codes are now required to provide “insight into where the money is actu…
Senators Uncover Enormous Treasury Anomaly: $4.7 Trillion Untraceable
The vast realm of government spending, it appears, is not without its gaping holes. Earlier this year, Elon Musk's Department of Government Efficiency (DOGE) teamed up with the Treasury Department to uncover a staggering $4.7 trillion in untraceable payments, spotlighting a serious lapse in fiscal oversight, Fox News reported. This discovery sent shockwaves through Washington, initiating new tracking requirements and fueling legislative action a…
GOP senators rail against staggering $4.7 trillion in untraceable Treasury payments – Your Capital Minds
Earlier this year, Elon Musk’s Department of Government Efficiency (DOGE) uncovered $4.7 trillion in untraceable Treasury Department payments. Prior to the discovery, Treasury Account Symbol (TAS) identification codes were optional for $4.7 trillion in Treasury Department payments, so they were often left blank and were untraceable. The field is now required to increase ‘insight into where the money is actually going,’ the Treasury Department a…
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