US EditionTrump, Musk actions put America at risk of 'a form of default,' former Treasury chiefs warn
- Five former Treasury Secretaries expressed concern that actions by Trump administration officials and Elon Musk's team could unlawfully undermine U.S. Financial commitments, raising fears of a default.
- Kevin Hassett, an economic advisor to Trump, dismissed these concerns as 'poppycock' during an interview on CNBC.
- Emails reportedly undermine the Treasury's explanation for granting Musk's team access to sensitive payment systems, which manage over $5 trillion in federal funding.
- The former Secretaries warned that arbitrary control of federal payments could damage democracy and lead to a loss of credibility for the Treasury Department.
11 Articles
11 Articles
'Gravely concerning’: 5 ex-Treasury secretaries unite to issue ‘extraordinary’ warning
In an extremely unusual move, five former Treasury Secretaries wrote a warning letter to the nation Monday sounding alarm over moves made by President Donald Trump.Robert E. Rubin, Lawrence H. Summers, Timothy F. Geithner, Jacob J. Lew and Janet L. Yellen — all of whom served in Democratic administr...
‘Our Democracy Is Under Siege’ Former Treasury Secretaries Write Scathing NY Times Op-Ed Warning Against DOGE’s ‘Threat to America’
Five former Treasury Secretaries issued a stark warning calling out Trump’s latest moves as a direct threat to American democracy’s financial backbone.
DOGE’s access to Treasury data risks US financial standing and raises security worries, experts warn | Fatima Hussein & David Klepper
WASHINGTON—The Department of Government Efficiency’s embed into the federal government has raised a host of concerns, transforming a debate over how to cut government waste into a confrontation over privacy rights and the nation’s financial standing in the world. DOGE, spearheaded by billionaire Donald Trump donor Elon Musk, has rapidly…
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